January’s home sales dropped to their lowest level in the last 12 months despite the largest month-to-month increase in new listings, according to the latest REMAX National Housing Report.
Home sales last month plummeted by 32% from December and 6% from January 2025 across the 52 metro areas tracked by REMAX. This occurred while new listings jumped 61.8% month-over-month, although they were also down 3.8% year-over-year. Inventory was essentially unchanged from December (-0.1%) but was 10.9% higher year-over-year. January marked the 25th consecutive month of year-over-year increases.
January’s days on market average was 62 days, up from 61 in the prior month and from 56 one year earlier.
The median sales price for January was $425,000, a 2% drop from December and a 1% uptick from January 2025. Buyers paid an average of 98% of the asking price, unchanged from both the prior month and one year before.
“In a month that is traditionally slow, inventory was higher than it was a year ago, and new listings came to market, giving buyers more options,” said REMAX CEO Erik Carlson. “Even as sales adjusted seasonally, the fundamentals point to a market that continues moving toward balance. With the guidance of an experienced professional, consumers can make smart, strategic decisions in today’s environment – and that’s a good place to be as we head further into 2026.”
