Overall, January reinforced a pattern we’ve been seeing: the guard-gated market is not moving in lockstep with the broader headlines. About half of the price ranges we track are sitting in balanced territory, homes between $1-1.5 million remain in a seller’s market, and above $3 million, buyers have more leverage as inventory builds and competition increases.
Days on market data continues to tell a very clear story. Once a home is priced correctly, the market responds quickly. More than half of January’s sales happened within thirty days of the last price, and more than ninety percent within ninety days. Extended timelines were almost always tied to pricing, not patience.
We also saw that sellers who positioned their homes strategically were rewarded. 4 homes sold above their original price, 4 sold at their original price, and several others had great results after a price adjustment—proving that accurate pricing creates momentum, while overpricing often leads to unnecessary negotiation and larger discounts later.
So while inventory is rising seasonally and expired listings jumped month over month, the year-over-year context and absorption rates show a market that is behaving very normally for this time of year—just with very different dynamics depending on price point.
If you’re considering selling, understanding exactly where your home fits within these price segments is critical. And if you’re buying, knowing where leverage exists can make a meaningful difference in how you approach an offer.
For a straightforward assessment of your specific situation, call us at 702-605-7482 or visit robjensen.com.
Understanding the Data
Active Listings are homes that are currently on the market and available for sale. This is the pool of options that buyers can choose from at any given time.
Under Contract (also referred to as Pending or In Escrow) means a buyer and seller have agreed on a deal. From there, it usually takes 30–45 days to complete inspections, finalize financing, and close the sale.
Closed Sales represent homes that have completed the entire sales process. The buyer and seller have fulfilled all conditions, funds have been transferred, and the property has officially changed ownership.
Expired indicates a home was on the market, but the listing agreement expired and the home failed to sell.
Months of Supply is one of the most reliable indicators for gauging the balance between supply and demand in any housing market. It measures how long the current inventory would last at the existing sales pace—expressed in months, not the number of homes for sale. Around 6-7 months of supply is considered a balanced market. When supply falls below that level, it becomes a seller’s market where prices tend to rise; when it rises above, it shifts to a buyer’s market where prices may decline. The further Months of Supply moves from this midpoint, the stronger those price movements tend to be.
Market Trends – January 2026
Sold Properties – January 2026
You can download a detailed spreadsheet of last month’s sales data—including final sold prices, original list prices, price reductions, previous sales dates, percent appreciations, and more—by clicking here.
Please reference the following info to help you understand the spreadsheet:
*Sold without being listed on the Multiple Listing Service (MLS).
†Missing data for the % Increase, Last Sold Price, and Last Sold Date because there was no prior sale as a completed property.
§Previous sale was a foreclosure transfer/trustee sale.
When you encounter a negative number for % OFF LAST PRICE and % OFF ORIGINAL PRICE, this means the sales price was higher.
REO – Real Estate Owned/Bank Foreclosure
DOM – Days on Market
