Wednesday, January 26, 2022

WHAT ARE THE ACTUAL NUMBERS?

The latest complete month available is November 2021. All numbers are year over year comparisons to November 2020. The total number of sales was 3,181, a slight decline of 3.5%, however the median price for all sales was $919,000, a 14.9% increase from the previous year. The resale market rose 17.3% to $1,032,000, but sales dipped 3.2% to 1,977. Condos had the greatest appreciation coming in with a median price of $650,000, a 19.5% rise. Sales were also off with a total of 893, a 4.3% drop. New homes were fairly static, the median price $941,000, up 0.2%, and sales off 3.1% with 311. The average monthly payment rose significantly to $3,939 from $3,464, a reflection of both higher rates and prices.

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