DECEMBER 2020 New Listings:
We start by looking at the NEW LISTINGS that came on the market in December and we begin with 2018, where we see there were 232 NEW LISTINGS that came on the market. In December of 2019, we find we increased by +20.3 percent with 279 NEW LISTINGS. The following year in December of 2020, we increased again by +5.4 percent with 294 NEW LISTINGS.
DECEMBER 2020 Homes for Sale:
We again, start by looking at December of 2018, where we see there were 833 HOMES FOR SALE. In December of 2019, we find a decrease of -1.3 percent with 822 HOMES FOR SALE. The following year in December of 2020, we decreased significantly by -67.5 percent with only 267 HOMES FOR SALE.
DECEMBER 2020 Pending Sales:
Let's view December of 2018, where we see there were 218 PENDING SALES. In December of 2019, we increased by +9.6 percent with 239 PENDING SALES. The following year in December of 2020, we increased again by +51.9 percent with 383 PENDING SALES.
DECEMBER 2020 Median Days on Market:
Let's view December of 2018, where we see there were 32 MEDIAN DAYS ON MARKET. In December of 2019, we decreased from the previous year with 21 MEDIAN DAYS ON MARKET. This year in December, we decreased by -76.2 percent to 5 MEDIAN DAYS ON MARKET.
DECEMBER 2020 Months Supply of Homes for Sale:
In December of 2018, the MONTHS SUPPLY OF HOMES FOR SALE was 2.4. In December of 2019, we decreased by -12.5 percent with a 2.1 MONTHS SUPPLY OF HOMES FOR SALE. This year in December, we decreased by -71.4 percent with only 0.6 MONTHS SUPPLY OF HOMES FOR SALE!
So here is your comprehensive LOCAL look at the real estate market. If you are considering a sale of your home then now might be a perfect time as the competition is low as we mentioned the inventory of homes is down by -67.5 percent from 2019 and the number of days on market is down by -76.2 percent to only 5 days. If you are interested in buying a home then let us help you get a competitive advantage. Please reach out to the Linda Hall Team. We'd love to assist you!!