Residential Highlights
New listings (1,073) decreased 32.9% from the 1,599 listed in December 2021, and decreased 35.6% from the 1,666 listed in November 2022. Year-To-Date Summary December 2022 Reporting Period Comparing the twelve months of 2022 to the same period in 2021, new listings (36,210) decreased 10.7%, pending sales (26,852) decreased.
Pending sales (1,206) decreased 37.9% from the 1,942 offers accepted in December 2021, and decreased 19.5% from the 1,498 offers accepted in November 2022. Closed sales (1,464) decreased 43.3% from the 2,582 closings in December 2021, and decreased 9.7% from the 1,621 closings in November 2022.
Inventory and Total Market Time Inventory decreased to 2.3 months in December. Total market time increased to 55 days. 24.2%, and closed sales (27,985) decreased 20.5%. Average and Median Sale Prices Comparing 2022 to 2021 through December, the average sale price has increased 6.8% from $571,900 to $610,900. In the same comparison, the median sale price has increased 7.7% from $509,000 to $548,400.