January 2024 Market Update

Page 1

POST & BEAM ST E A M B O AT ’ S R E S I D E N T I A L SA L E S B A R O M E T E R

MEDIAN SALES PRICE – 2023

# LISTINGS SOLD – 2023

596

$996K

-15%

CHANGE FROM 2022

PENDING LISTINGS – 2023

43

-46%

81%%

CHANGE FROM 2022

SALES VOLUME – 2023

$859M -12

%

CHANGE FROM 2022

CHANGE FROM 2022

JANUARY 2024

M E D I A N D AY S O N M K T – 2 0 2 3

18 100

%

CHANGE FROM 2022

PRICE PER SQ FT – 2023

$784 12

%

CHANGE FROM 2022

ACTI V E R ES I D E NTI A L LI STI NGS – JA N UA RY 1, 2 02 4

124

-6% CHANGE FROM 2023

You're invited to imagine what's next.

With the new year upon us, we are granted the opportunity to review last year's real estate trends to gain valuable insights that shape our market landscape. Record

low inventory numbers were reflected in the number

of listings sold and active residential listings. This low inventory coupled with median sales price jumping 8% and price per SF being up 12% at $784, this past year created a

profitable space for sellers to jump into. Despite the hurdles of low inventory and high interest rates, demand remains high among buyers who are making more cautious and educated decisions.


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