Market Report for December 2020 & Recap of the year

Happy New Year!

In the final Market Report for 2020, we reflect back on the year and can truly say it has been a year like no other.
We, like everyone, are happy to put this year behind us and have great hopes for the new 2021.

Limited inventory and high demand continue to fuel the local real estate market.

Here is a quick overview of the stats for December 2020 compared to 2019 along with some overall results:
December sales were up +31% over 2019 
Total properties sold in December 2020 were, 231 – 143 Homes & 88 Condos
Median Sales Price for a Home – $1,563,000 +23%
Median Sales Price for a Condo – $788,500 +4%
Months of Inventory – 1.61
29% of offers were “All Cash Sales”

Despite the ongoing pandemic, overall home sales were up +9% for the year compared to 2019
The median sales price for a home was up +21% and condos were up +8% over the previous year.

Click this link here for the full report

Our top priority has been keeping our clients safe and healthy, vigilantly following the very strict showing and safety guidelines that our Governor and the CDC have required.

_{The numbers included in this report are courtesy of Fidelity National Title. All information provided is deemed reliable but has not been verified and we do not guarantee it.
We recommend that viewers make their own inquiries.}