Local Real Estate Market* Update, 4th Quarter 2019

710 homes were sold during the quarter ended December 31, 2019, up 3% from the 689 sold in the same period last year. The median price rose 7% to $1,117,500, up from $1,040,000 in the same period last year. Properties sold in 22 days on average during the current quarter, slightly faster than 24 days in the same quarter last year.  At the date of this report, there are 81 homes available for sale (2 weeks of inventory) compared to 134 homes at this time last year.