Monthly Market Reports

Group One Sotheby's International Realty December 2019 Market Report

A BRISK END TO THE YEAR

 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.

         

Posted by Brad Barker at 1/9/2020 11:48:00 PM
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