Posted on February 1, 2025 by Sherlock Homes Real Estate Team
The new year has arrived, bringing with it fresh opportunities and renewed energy in the Columbia Valley real estate market! Whether you’re setting new homeownership goals or looking to make a strategic move, January’s market trends are setting the stage for an exciting 2025. Let’s dive into the latest numbers and what they mean for buyers and sellers alike.
A Surge of New Listings to Kick Off the Year 🎆🏡
January saw an 87.1% increase in new listings, jumping from 31 in 2024 to 58 in 2025. This wave of fresh inventory gives buyers a fantastic selection to choose from, making it a great time to start house hunting. If you’ve been waiting for more options, this could be your moment!
Prices Climb as Demand Stays Strong 📈💰
The average list price rose by 29.32% to $551,413, while the average sale price increased by 30.39%, reaching $518,789. This upward trend reflects a competitive market where well-priced homes continue to attract buyers. Sellers, take note—pricing your home correctly can make all the difference in securing a great offer.
Homes Selling Faster Than Last Year 🚀⏳
Buyers weren’t just browsing—they were acting fast. The average Days on Market (DOM) dropped by 31.53%, from 110.8 days last January to just 75.87 days this year. This means motivated buyers are making decisions quicker, so sellers should be prepared for faster turnarounds.
Inventory Expands to Meet Demand 🏠📊
The total number of available homes at the end of January grew by 38.1%, reaching 203 units. Meanwhile, the Months Supply of Inventory climbed to 5.84 months, a 40.41% increase from last year. This signals a more balanced market, giving buyers a little breathing room while still keeping sellers in a strong position.
What This Means for You 🔑✨
Buyers:
With new listings flooding the market, you have more choices than in previous months—this is your chance to find the perfect property.
Act quickly! Homes are selling faster, and those that are well-priced won’t last long.
Sellers:
The rising sale prices indicate that buyers are still willing to pay for the right home—ensure your property is well-prepared and competitively priced.
With homes selling faster, being market-ready from day one is crucial to attracting strong offers.
2025: A Year of Real Estate Possibilities! 🌟
Whether you’re looking to buy your dream home, sell for the best price, or simply explore your options, the start of the year is the perfect time to make your move. The Columbia Valley real estate market is buzzing with activity, and we’re here to help you navigate it with confidence.
At Sherlock Homes Real Estate Team, we’re committed to making your real estate journey smooth, stress-free, and successful. Let’s make 2025 your year of smart real estate decisions!
Ready to Make a Move? Let’s Chat! 📞
Contact:
Geoff Sherlock
Phone: 250-688-5151
Email: geoff@remaxinvermere.com
Lindsey Sherlock
Phone: 250-409-6464
Email: lindsey@remaxinvermere.com
New year, new home? Let’s make it happen together! 🎊🏡