January 2015 tried very hard to continue 2014. Closings were down close to 47% from January 2014. Median was up almost 39%. Meanwhile, the average sales price was up 14%. All of which serves as a reminder, small samplings provide very little indication of actual market trends.
Inventory, while ahead of 2014 and 2011 levels, is down from other years since 2006. The price level is also down from 2014 level, but higher than every other Feb. 1 back to 2008. Weather may be playing a factor as not that many houses have come on since the beginning of the month.