There were 207 single family homes sold in the first week of December, an increase of 4.02% over the 199 during the same period last year.
That’s the best December start since 2007 but hardly the “frenzy” that was forecast to begin back in October. December 2005 still boasts the strongest opening week with 318 sales, so we are off -35% from that peak and all the craziness that resulted the following year and a half.
The strength of the luxury segment is making a mockery of the average price stat which is up over $60,000 to $525,354. A total of 15 SFHs have sold for a million or more already, compared to a month-end total of 16 last December.
New listings continue to be in short-supply compared to last year, currently down -8.33% MTD.
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