How's The Market?
- MARKET TEMP: RED HOT
-
Very strong seller's market
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Severe supply shortage 37.4% of normal inventory
-
34% more demand with many active buyers
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Market Temperature - hottest since 2005
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*Values represent changes since 1 year ago.
-
1
%
Active Listings for Sale 8,203
+
1
%
Homes Under Contract
13,502
+
1
%
Monthly Median Sold Price $329,900
Closed Sales
Total Monthly Sales - 9,647
+
1
%
Listing Success Rate
December 2021
89.1%
December 2020
90.2%
December 2019
85.1%
Months of Supply
Of all listings that went under contract, 89.2% closed successfully and 10.8% cancelled or expired.
If no new listings were to come on the market at at the current monthly rate of sales, inventory would run out in 1.4 months.
Listing Success Rate
December 2021
89.1%
December 2020
90.2%
December 2019
85.1%
The percentage of listings that successfully closed escrow is 89.9% and 10.1% of all listed homes cancelled or expired.
Months of Supply
If not new listings were to come on the market at the current monthly rate of sales, inventory would run out in 0.8 months.
