Huge jump in sales! It's a Seller's Market
Single-Family:
Sales jumped a whopping 73% in December as compared to a year ago. The average sales price rose 15% and the median sales price climbed by 21%. We continue to see the sales of upper price range and new construction homes dominate the market. Pending sales were up by 40% so we can anticipate a good sales number for January. We did see some more inventory coming on the market with new listings rising by 47% and the number of active listings up 15%. Unfortunately, these increases only caused the months of inventory to increase to 1.3 month.
Sales: 142
Average Sales Price: $267,113
Median Sales Price: $255,000
Pending Sales: 77
New Listings: 94
Active Listings: 140
Months of Inventory: 1.3
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