December 2021 Housing market update

While the winter months are typically down when compared to the rest of the year, the winter months can give us a great insight into what is to come.

Active Listings:

Down from November, however, this is typical as we head into our seasonality. December of last year we had 271 active homes on the market. Overall we are seeing 68% decline in inventory as we typically do in December.

New Listings:

The number of new listings hitting the market has seen a decline from the previous months 353. With 239 new homes hitting the market. This number does seem big but it’s in line with what we typically see during this time of year. December of 2020 we’ve seen 222 new listings. It’s a good sign that inventory is creeping up but we still have a long way to go to meet demand.

Pending/Under Contract:

From November to December there was a 28% drop in the number of homes that went pending. December posted 261 homes. In December of 2020 there were a total of 237 homes in this status. The 5 year average is 231

Sold/Closed:

The number of closed homes went up from 371 to 385. The average number of homes sold in the month of December is 300.

Average Sales Price:

The 5 year average median price for December is $177,1110. December 2020 the median was $185,000. In 2021 the median rose up to $205,550 or 16% over two years. With low supply but high demand, experts are predicting prices to continue to push up throughout 2022