December Market Stats
Our December stats are now in, closing out 2019 with no big surprises.
Sales of single-family homes in December increased by 40 per cent from one year ago and were 24 per cent lower than in November. Apartment sales in December rose by 68 per cent year over year, while the number of townhouses sold dropped by 20 per cent from one year ago. Annual sales of single-family homes in 2019 totalled 4,119, a nine per cent drop from 2018’s 4,539 sales.
Inventory of single-family homes last month was virtually the same as in December 2018 (937 to 934) but dipped by 19 per cent from November 2019. Active listings of apartments rose by 10 per cent (270 to 298) year over year while townhouse inventory dropped by 35 per cent (148 to 96).
The benchmark price of a single-family home board-wide was $518,000 in December, a five per cent increase from one year ago and marginally higher than in November.
For additional information, refer to our complete December stats package at https://bit.ly/2QIpXEF.