December Residential Highlights:
New listings (101) decreased 7.3% from the 109 listed in December 2019, and increased 1.0% from the 100 listed in November 2020. Pending sales (107) decreased 5.3% from the 113 offers accepted in December 2019, and decreased 15.1% from the 126 offers accepted in November 2020. Closed sales (161) increased 46.4% from the 110 closings in December 2019, and increased 7.3% from the 150 closings in November 2020.
Inventory and Time on Market:
Inventory decreased to 1.1 months in December, the lowest on RMLS™ record. Total market time decreased to 49 days
Year to Date Summary:
Comparing the twelve months of 2020 to the same period in 2019, new listings (2,065) decreased 8.6%, pending sales (1,877) increased 8.2%, and closed sales (1,832) increased 10.1
Average and Median Sales Prices:
Comparing 2020 to 2019 through December, the average sale price has increased 11.1% from $246,800 to $274,200. In the same comparison, the median sale price has increased 9.5% from $227,500 to $249,000.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
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.