The year end report shows that sales volume decreased by 11% to 2,370 sales year over year. Sales dollar volume also decreased by 11% to a total of $884 Million last month. Median prices for December dropped slightly year over year to $305,000. These decreases are common toward the end of the year, as the holidays tend to invite a seasonal slowdown. On the flip side, active listings, pending contracts, and new listings increased year over year. There was also a .2 months increase in inventory year over year to 2.3 months at the end of 2018.
We are excited to see what 2019 brings! Our agents are ready to help you market your home for sale in this competitive market, and can help you hunt down that perfect property as well.
If you have any questions about the current market, just shoot us an email at firstname.lastname@example.org. You can also call our office at (512) 299-3809 or message us on Facebook, Instagram, or Twitter.