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We have had a remarkably consistent January the last three years, with virtually the same number of homes hitting the market.  But in 2015, the number of new listings was 11% lower than last year – in spite of the median list price rising:

January
Number of New Listings
Median List Price
2012
409
$975,000
2013
410
$1,137,500
2014
413
$1,295,000
2015
366
$1,347,500

Knowing that roughly half of these new listings were on the market last year, there aren’t many new choices for buyers. As much as common sense wants to tell us that higher prices should lure more sellers to put their home on the market, it’s not happening yet!

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