Buyers stayed engaged in the process through the month of December and continued to come out and make offers on homes. The number of single-family homes put under agreement in the month of December rose almost 10 percent over the last year, marking a full year of year-over-year increases. The median price for both pending single-family homes and condominiums fell compared to December 2017.
Year-end data shows there was an increase in total pending sales for single-family homes and condominiums in 2018 compared to last year. This year also saw an increase in average median prices for single-family homes and condominiums.
Read more in our December and Year-End Pending Sales Report
December Pending Sales:
|Single-Family||December 2018||December 2017||% Change|
- Pending sales have been up for the past 12 months
|Condominium||December 2018||December 2017||% Change|
- Pending sales have been down or flat for six of the last 12 months
Year-End Pending Sales*:
|Avg. Median Price||$392,083||$372,488||+5.3%|
|Avg. Median Price||$371,513||$349,838||+6.2%|
*Year-end pending sales data derived from monthly published pending sales reports.