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Looking back at 2024, a total of 2,330 homes were sold, up by 4.6% from 2023.
For December alone, the number of homes sold totaled 109 units, a gain of 13.5% from December 2023. This was a sales record for the month of December – which was 32.7% below the three-year activity and 25.3% above the 10-year activity for the month.
The prices of homes have gone up too. The year-to-date average price was $338,713, up by 7.5% from 2023. Just for the month of December, the average price of homes sold was $324,960, a gain of 17.3% from December 2023.
The year 2024 continued to be a seller’s market due to low house inventory. There were 365 active house listings at the end of December, which 7.4% higher compared to the inventory at the end of December 2023.
Houses have been selling fast, with months of inventory at 3.3 at the end of December 2023, down from the 3.5 months recorded at the end of December 2023.
If you have questions regarding your property or the market, please reach out to me. I’ll be happy to provide you with the latest real estate-related information, such as what buyers are looking for, how to increase your home’s value, or the current market value of your property.
