The complete month of December saw a total of 3,048 homes sold including new homes, condos, and single-family resale. This was down 5.6% for reasons discussed above, lack of inventory. Resale single-family led the way with 1,653 sales, followed by condos with 737 and new homes were 658. Resale prices rose 5.6% year over year compared with last December.
Condos had the biggest jump, typically reflecting the tight inventory and rising prices, they were up 10.3%. New homes rose the least with 3.1%. The medial price is $698,000, also up from a year ago. Average housing payment sailed up to $3,232.58 from $2,986.21. That is not all appreciation however, as interest rates did have 3 hikes last year, to officially leave the 3% range.
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