January is normally a slow month for closings. This year was no exception. However, the sales this past month were at the lowest level since 2009. The flow of properties going under contract is still very low, but there are still sales happening every day. Inventory continued a slow climb from the all-time lows in 2022, but the flow of new listings is lower than recent years. In general, prices have plateaued temporarily and for the month of January they are just a bit below where they were a year ago. See all of the statistics and graphs in the slideshow below.
