HIGHLIGHTS
- December sales are up from last month and up from last year with 766 units sold. Last month 592 units sold. Number of sales Y-O-Y is up 8.8%.
- Cash buyers in December represent 22% of all residential sales in our area, down from last month, 24%.
- December average "days on market" is up from November with 82 days to: 84 Days.
- Average sold price is $382,823, this is up from the prior month and up by 9.7% compared to December 2024 Y-O-Y, $348,932.
- December inventory is down month over month to: 2904 units, and down from December 2024, with 3128 units. Y-O-Y decrease in inventory of 7.2%
- December months of inventory is 3.8 months, down from November 5.4 months, and down from December 2024 with 4.4 months inventory.
- Average List to sold price difference remains steady for December -3.0% as was November at -3.0% .
- The inventory of homes is 3.8 months, this level is near 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, neither favoring the buyer or seller.
