December 2014 Market Report and Year Summary

Highlights for December

• December 2014 saw a 6% increase in sales when compared to 2013 and a 39% increase when compared to 2012.
  
• The median sales price, of December 2014, was 4% higher than December of 2013.

Year Summary Highlights

• House Sales were up by 3% over 2013
• The overall median days on the market is down 1% in 2014.
  

• December 2014 saw a 6% increase in sales when compared to 2013 and a 39% increase when compared to 2012.

• The median sales price, of December 2014, was 4% higher than December of 2013.

• In December 2014, Median days on the market rose 16% when compared to 2013.  However, the median days on the market is still lower than 2011 and 2012.

The results are in and 2014 has passed 2013 in sales despite the slow start to the year. 

• House Sales were up by 3% over 2013.

• Median sale prices went up 2% in 2014.

• The overall median days on the market is down 1% in 2014.

• In December 2014, we saw a 2% increase inventory. 
  

• The new contracts in December 2014, is 12% higher in comparison to 2013.  
  
• This could be an indicator of increased sales in January and February 2015

Overall, 2014 had 3% more contracts than 2013.