December Residential Highlights
New listings (262) increased 25.4%
from the 209 listed in December 2019,
and decreased 15.8% from the 311
listed in November 2020.
Pending sales (295) increased
23.4% from the 239 offers accepted
in December 2019, and decreased
25.9% from the 398 offers accepted
in November 2020.
Closed sales (445) increased 37.3%
from the 324 closings in December
2019, and increased 13.5% from the
392 closings in November 2020.
Inventory and Market Time
Inventory decreased to 0.6 months
in December, the lowest on RMLS™
record. Total market time increased
to 44 days.
Year-to-Date Summary
Comparing the twelve months
of 2020 to the same period in 2019,
new listings (5,596) decreased 2.6%,
pending sales (4,982) increased 2.7%,
and closed sales (4,843) decreased
0.6%.
Average and Median Sale Prices
Comparing 2020 to 2019 through
December, the average sale price
has increased 12.2% from $325,700
to $365,500. In the same comparison,
the median sale price has increased
13.3% from $296,900 to $336,500.