Up, up, up, up, up. A seller's dream! And it was quite a steady climb, with no drop at the end of December as we've seen in other areas. This area consistently experienced multiple offers and low inventory.
Looking at December to December the change in average days on market is significantly higher. But February through August were all about 2 weeks. That reflects an incredibly fast market.
Supply was actually up a bit this December, since last year. But overall, it was less than 'normal' levels all year. The downward green arrow shows a decrease in sales. But that isn't about demand. It's about too few homes available for the buyers ready and able to make a purchase.
September was the only month showing more than a two months supply. Most of the year, levels were far below that. Tough circumstances for buyers in the market, as competition was fierce. Some of the increase now can be attributed to more sellers entering the market now that they can leave at a break-even, or even a nice profit.
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