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Market Reviews January 7, 2016

December Real Estate Statistics – 2015

December Stats

 

*  Closings of Real Estate is up 32% month to month.

*  The number of new listings on the market compared to prior month is down 19%. This is a reflection of the time of year.  Fewer homeowners list their properties in December.

*  The number of new listings over $500,000 is down 16% compared to prior month.  Again a reflection of the time of year.

*  The number of short sales closings increased 31% when compared to prior month.  Short sales are closings in which the bank who holds the note has agreed to take less than is owed on the property.