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2019 stats show that Real Estate had a great year!

Updated: Jan 27, 2020

I'm wishing you great success in achieving your dreams and goals in 2020, and I also want to thank you very much for your trust, confidence, and support in 2019.

This month, in addition to the December 2019 statistics, I am providing a snapshot of 2019.

The December 2019 Statistics below shows that sales were up by 17.4% and the average price year over year was up by 11.9%.

The 2019 chart shows that Real Estate had a great year. Rising prices and rising sales relative to active listings, although lower inventory. We started the year (Jan 2019) with an MOI (months of inventory) of “3” and ended the year with “1.7”; meaning that in January, assuming no new listings were added, it would take three (3) months to sell all the homes, while in November and December, it would only take 1.7 months. MOI measures the health of the Real Estate Market, and this number shows where we are headed.

If you or someone you know, is thinking of Buying or Selling a home and would like a free Market Evaluation or specific statistics for a region/neighborhood; or If you have any Real Estate questions, please call me I will be happy to help.

Your Friend in Real Estate,

Christine Ivy Stephenson | Real Estate Agent

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