December Residential Highlights:
New listings (99) decreased 2.0% from the 101 listed in December 2020, and decreased 35.3% from the 153 listed in November 2021. Pending sales (143) increased 33.6% from the 107 offers accepted in December 2020, and matched the 143 offers accepted in November 2021. Closed sales (146) decreased 9.3% from the 161 closings in December 2020, and decreased 7.0% from the 157 closings in November 2021.
Inventory and Time on Market:
Inventory decreased to 1.3 months in December. Total market time increased to 48 days.
Year to Date Summary:
Comparing the twelve months of 2021 to the same period in 2020, new listings (2,241) increased 8.5%, pending sales (1,833) decreased 2.3%, and closed sales (1,806) decreased 1.4%.
Average and Median Sales Prices:
Comparing 2021 to 2020 through December, the average sale price has increased 17.3% from $274,200 to $321,500. In the same comparison, the median sale price has increased 17.3% from $249,000 to $292,000.
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!
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*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.