Alas, only 1 solitary sale closed this past week, rendering our average sales data for the week effectively null. It's not all that surprising to see the sample size for closed sales to dwindle this time of year, since sales that are closing right now likely would have gone into contract during the holidays - a time that we've established sees a precipitous drop in real estate activity in general.
Our buyers continue to snatch up homes about as quickly as our sellers list them for sale. The next few weeks of sales will start to tell us whether or not competition among buyers has been putting any upward pressure on prices.
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