Local Market Review: New Listings, Sales and Prices Increase in December 2017

Housing data released by MIBOR from the BLC® Listing Service today shows (year-over-year):

• Pending Sales: increased 5.2 percent in December, 11.3 percent for the quarter
• Closed Sales: increased 0.3 percent in December, 5.8 percent for the quarter
• Median Sales Price: up 7.8 percent in December to $165,000
• Average Sales Price: up 4.5 percent in December to $203,159
• New Listings: increased 1.9 percent in December, and dropped 1.1 percent for the quarter
• Months of Inventory dropped to 2.4