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.