Market Update: December 2021

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!