Wow, what a crazy year! Home sales reached the highest level on record since 2016 !
Let’s get in to the numbers
Single family home results:
Average price of a detached home was just over $1.5M = 28.8% increase
Average price of a semi detached home was just under $1.2 = 25.6% increase
Town homes average price was just under $1M = 29.4% increase
The condo segment results:
Overall, average sales price increased by 18.5%. Average price forDecember was just under $712K.
Overall the story for this month remains the same as I’ve been stating for the past months. Currently with 0.54 months of inventory, we are still in a strong sellers market! So, if you were contemplating when to sell, NOW may be your best option!