December 2024 Market Snapshot
The latest realMLS market statistics are in, offering valuable insights into December 2024’s real estate trends:
- Median Sales Price: $365,000, reflecting a 2.2% increase from November 2024 and a 2.0% rise compared to December 2023.
- Closed Sales: 2,317, a 9.4% year-over-year increase and a significant 21.6% rise from November 2024.
- Median Price Per Square Foot: $201, slightly up by 0.5% from November 2024 but down by 2.0% compared to December 2023.
- Median Days on Market: 59, up 31.1% year-over-year and 20.4% from November 2024.
- Active Inventory: 9,957, up an impressive 67% from December 2023 but down 4.6% from November 2024.
- New Listings: 3,018, a 33.7% year-over-year increase, though down 13.3% from November 2024.
These stats highlight an active market with rising inventory and prices, providing opportunities for buyers and sellers alike.
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