HIGHLIGHTS
- December sales are up from last month and from last year with 697 units sold. Last month 614 units sold. Number of sales Y-O-Y was up 14.1%.
- Cash buyers represent 24% of all residential sales in our area, up from last month 23%.
- December average "days on market" is up from November with 67 days to: 82 Days!
- Average sold price is $348,932, this is down from the prior month and down 6.1% from December 2023 Y-O-Y, $371,587.
- December inventory is down month over month to: 3157 units, and up from December 2023, with 2505 units. Y-O-Y increase in inventory of 26%
- Months of inventory is 4.5 months, down from November 5.3 months, yet up from December 2023 with 4.1 months inventory.
- Average List to sold price difference in December was -2.7% down from -2.8 % in November.
- The inventory of homes has 4.5 months inventory, this level is considered a "neutral market". Generally when Months Inventory is generally less than 4.0 months it is considered a seller’s market.6.0 months or more is a buyer's market. Between 4 and 6 months inventory is a neutral market.
