Happy New Year!
During the last month of 2023, closings were down almost 10% year-over-year and it took 45 days on average before sellers accepted an offer.
Our local market in December:
Residential – Detached and Attached Homes
Average Closed Price: $657,229
-.51% month-over-month
+3.32% year-over-year
Median Closed Price: $551,993
-2.8% month-over-month
-0.54% year-over-year
Active Listings at the End of the Month: 4,971
-25.63% month-over-month
+4.5% year-over-year
Closed Homes: 2,620
-7.65% month-over-month
-9.31% year-over-year
Average Days in MLS: 46
+21.05% month-over-month
+6.98% year-over-year
Detached Homes Average Closed Price: $733,116 Median Closed Price: $613,500 Active Listings at the End of the Month: 3,505 Closed Homes: 1,850 Average Days in MLS: 46 | Attached Homes Average Closed Price: $474,904 Median Closed Price: $418,701 Active Listings at the End of the Month: 1,466 Closed Homes: 770 Average Days in MLS: 45 |