Real Estate Blog - Blog Archive: December, 2014

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December 2014

Found 1 blog entry for December 2014.

The November 2014 RMLS Market Action just came out, and while some may notice that pending and closed sales declined, prices stayed even, and inventory increased compared to October, focusing on the month-to-month change is misleading. November performance drops off from October almost every year. We think it more instructive to compare November 2014 to November 2013.

Last month pending sales (2,091) increased 14.4% from November 2013 (1,827), and closed sales (1,937) increased 6.4% from November 2013 (1,821). Those are big numbers. Furthermore, the average sale price rose 5.6% and the median sale price rose 6.3% compared to November 2013. The average sale price for the first eleven months of 2014 was up 7.2% and the median sale price up 7.5% compared to

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