Buyers continued to come out and make accepted offers on single-family homes and condominiums in the final month of the year as the number of homes put under agreement and prices increased in December. As a whole, 2017 saw both homes put under agreement and average median prices increase compared to 2016.
December Pending Sales:
Pending sales have been up 11 of the last 12 months
Pending sales have been up 10 of the last 12 months
Closed sales for single-family homes saw a hike of almost six percent, while prices rose more than five percent. Year-over-year condominium sales also saw a bump, with prices rising almost four percent. Inventory dropped to a record low for the month of October. Continue reading →
Closed sales for single-family homes dropped almost six percent this September over last year, while prices rose eight percent. Year-over-year condominium sales also saw a dip, with prices rising almost four percent. Inventory reached a record low for the month of September. Continue reading →
Today both single-family and condominium saw a slight dip in sales in May from last year. Despite the drop, median home prices for both single-family homes and condominiums hit new all-time highs. Inventory also reached the lowest level for the month of May since MAR began recording the data in 2004.
Low inventory and rising prices caught up to the spring market, with single-family home sales decreasing over eight percent from this time last year. Both single-family and condominium prices saw a hike. Condominium sales decreased almost 10 percent from April 2016.
The number of closed single-family home sales were up more than two percent over March 2016, with median price also seeing a hike. This is despite the month seeing the lowest number of homes for sale since MAR began recording the data in 2004. Condominium sales and price also rose over last year.