We closed 2019 with optimism toward 2020. December's sales were 15% higher than they were last December, and pending contracts were 18% higher.
Annually, our sales were very slightly ahead of sales in 2018, pretty close to a dead heat. Following detached single-family, condominiums, townhouses and single-family homes with acreages, a breakdown of the sales for each residence type in 2018 and 2019 is presented below:
Inventory continues to decline by 21% over the last year, forcing prices up by just under 11% in the past 12 months.
Based on the strong end to 2019, it looks like the trends in the graph below, with prices and unit sales rising, will continue into 2020.