January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units. New Listings were down 18.6 percent to 513. Pending Sales decreased 37.0 percent to 294. Inventory shrank 27.3 percent to 1,201 units. Prices moved higher as Median Sales Price was up 12.9 percent to $202,995. Days on Market decreased 26.0 percent to 71 days. Months Supply of Inventory...

Most are aware of the Clear Cooperation Policy instituted in 2020 by NAR that requires listed property to be included in MLS listings within one business day of public marketing.  There is an exception to this rule, however, and that is when the property is listed as an office exclusive. An office exclusive listing is generally defined as one in which the seller only gives rights to the listing agency to show the property.  Sometimes this is for a short period or it may be for the entire listing period.  The office exclusive listing is seen many times with high-end...