The December market ended with the recurring theme of fewer homes for sale resulting in fewer homes sold in most submarkets. The luxury market being an exception showing a 62.5% increase in homes sold. Several markets reported an increase in average sales price along with selling significantly faster, on average 41% faster than last year. Nearly every market identified has less than 1 month’s inventory as the demand for homes remains high.
If you are considering the sale or purchase of a home, please connect with us. We would be happy to review with you the current market and how we can best assist you in today’s market.
The Art of Distinction Blog by Encore Sotheby's International Realty 