DECEMBER 2023 New Listings:
We start by looking at the NEW LISTINGS that came on the market in December and we begin with 2021, where we see there were 281 NEW LISTINGS that came on the market. In December of 2022, we found we decreased by -37 percent with 177 NEW LISTINGS. The following year, in December of 2023, we decreased again by -1.1 percent with only 175 NEW LISTINGS.
DECEMBER 2023 Homes for Sale:
Next, we turn to the HOMES FOR SALE in December of 2021, where we see there were 305. In December of 2022, we find an increase of +59.0 percent with 485 HOMES FOR SALE. The following year, in December of 2023, we decreased by -7.2 percent with only 450 HOMES FOR SALE.
DECEMBER 2023 Pending Sales:
Let's view December of 2021, where we see there were 290 PENDING SALES. In December of 2022, we decreased by -35.2 percent with 188 PENDING SALES. The following year, in December of 2023, we increased again by +2.1 percent with 192 PENDING SALES.
DECEMBER 2023 Median Days on Market:
Let's view December of 2021, where we see there were 5 MEDIAN DAYS ON MARKET. In December of 2022, we increased from the previous year with 23 MEDIAN DAYS ON MARKET. In December of 2023, we decreased by -34.8 percent to 15 MEDIAN DAYS ON MARKET.
DECEMBER 2023 Months Supply of Homes for Sale:
In December of 2021, the MONTHS SUPPLY OF HOMES FOR SALE was 0.8. In December of 2022, we increased by +87.5 percent with a 1.5 MONTHS SUPPLY OF HOMES FOR SALE. In December of 2023, we increased by +6.7 percent with only 1.6 MONTHS SUPPLY OF HOMES FOR SALE!
So, there 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 and the number of days on the market is shorter than normal. 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!!