Wednesday, February 17, 2021

WHAT WERE THE ACTUAL NUMBERS?

Unbelievable numbers! Total number of sales for December, the last complete month numbers available, was 3,611, which is an increase of 17.7% over December 2019. (All numbers reflect year over year for the same month.). Single-family resale reported 2,254, up just over 30 %. Condos came in at 1,021, a very big number for condos, up 26%. New homes, always lagging had 336 sales, the only figure in negative territory, it represented a 36% drop. Resale median price rose 12.5% to $890,000; Condos also increased 3.7% to $544,000; New homes barely noticeable at 1.4% rise to $882,000; Finally the overall median price for all homes was $795,000 up 8.2%. Average monthly payment was virtually unchanged, but it did go down slightly from $3,485 to $3,445.

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