Sales
There were 6 unit sales in December. This is down 25.0% from 8 in December of 2014. Sales/list price ratio in December moved down to 93.4% from 97.4% in November.
Prices
Median price in December was $607,500. This is up 36.5% from $445,000 in December of 2014. 3-month median price of $620,000 in December was down just slightly from $625,000 in November but up somewhat from $505,000 in December of 2014. Price per square foot in December was $298. This is down from $319 in November but up from $257 in December of 2014.
Inventory
Inventory of 50 in December was down 16.7% from 60 in November but up 35.1% from 37 in December of 2014. New listings of 7 in December were up a little from 6 in November and up substantially from 3 in December of 2014. Months of supply of 6.2 in December was down slightly from 7.3 in November but up considerably from 4.2 in December of 2014. On a year-over-year basis, months of supply has been falling for 4 months. This is the lowest months of supply has been since March, 2015.
Market Time
Days on market of 105 in December was up substantially from 60 in November but down slightly from 111 in December of 2014. This is the highest days on market has been since May, 2015.
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