Looking back at December's data, the real estate market reveals some noteworthy shifts to close out the year! Total sales rose by 3% compared to December 2023, a solid finish despite changing market conditions. New property listings were down 17% from last December, signaling a more selective seller pool, but still reflected a 4% increase for the full year. Pending sales dipped slightly compared to last December, but they’re up 18% year-over-year—indicating that overall buyer demand remains resilient.

Buyer urgency has held steady, with 71% of homes closing within 30 days of going under contract, and an impressive 32% of homes selling above asking price. Year-to-date sales have climbed 7%, while the average price per square foot has softened slightly to $196—a 2% decrease. Meanwhile, the median home price has risen to $345,095, a 5% increase from last year’s $330,000, showing continued growth in property values.

Curious about how these market changes might affect you? Connect with one of our real estate specialists for tailored insights into your local market. We can assist you with everything from pricing and marketing strategies to navigating the entire selling process. If you're considering listing your home this year, don’t hesitate to reach out to us for expert advice!