Greetings & Happy New Year!
December Residential Highlights:
There were 109 new listings in December 2019 matched December 2018 (109) and was 30.1% fewer than last month in November 2019 (156). Pending sales (113) increased 16.5% from December 2018 (97) and fell 13.7% from last month November 2019 when 131 offers were accepted. Closed sales (110) decreased 12.0% from December 2018 (125) and decreased 16.0% from the 131 closings recorded last month in November 2019.
Inventory and Time on Market:
Inventory in December rose slightly to 3.9 months, with total market time increasing to 75 days.
Year to Date Summary:
Comparing the twelve months of 2019 to the same period in 2018, new listings (2,259) decreased 5.2%, pending sales (1,734) decreased 1.2% and closed sales (1,664) decreased 6.1%.
Average and Median Sales Prices:
Comparing 2019 to 2018 through December, the average sale price has increased 5.3% from $234,300 to $246,800. In the same comparison, the median sale price has increased 8.3% from $210,000 to $227,500.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
CLICK HERE TO VIEW THE REPORT!
*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes.