Closed sales for both single-family homes and condominiums dropped year-over-year from last December. There was a small drop in median price for single-family homes and condominiums compared to this time last year and the month also saw the lowest number of single-family homes for sale in the month of December since MAR began reporting the data in 2004.
Year-end data for 2018 shows that total closed sales have had a two percent decrease for both single-family homes and condominiums. The year also saw an increase in average median prices for both single-family homes and condominiums compared to 2017. Without an increase in inventory in 2019, closed sale decreases and median price increases are trends that will likely continue.
Read more in the December 2018 and Year-End Closed Sales Release
- December single-family home sales are down 9.1% to 4,129 from 4,544 last year.
- SF home sales are down 2.1% for all of 2018 (from 57,630 to 56,444)
- December single-family median prices are Down 1.3% (from $380,000 to $375,000)
- SF median prices are up 5.4% for all of 2018 (from 377,000 to 397,500)
- December condominium sales are down 11.6% (from 1,702 to 1,504) and
- 2018 condo sales are down 2.0% (from 22,335 to 21,887)
- December condominium median prices are down 1.4% (from $359,900 to $355,000)
- 2018 condo median prices are up 7.1% (from $350,000 to $375,000)
- Single-family inventory in December is down 11.8% (from 11,912 to 10,508) and condominiums are up .1% (from 3,292 to 3,294)
- 2018 SF inventory is down 7.6% (from 15,291 to 14,125) and condo inventory is down 7.6% (from 4,339 to 4,011)
- Single-family listings added to the market in December is down 1.4% over last year (from 2,400 to 2,367).
- 2018 new SF listings added to the market is up 1.5% in 2018 (from 73,545 to 74,629)
- New condo listings added to the market are up 2.9% over last year (from 804 to 827).
- 2018 new condo listings added to the market is up 2.4% in 2018 (from 26,968 to 27,608)