2019 Year End Market Report

Despite previous signs of slowing markets, 2019 set new historic highs for average sale price, price per square foot and closed volume. Closed units which had been declining since 2016, leveled out and finished even with the prior year.

A bullish economy combined with a high level of carryover demand from last year’s buyers who have yet to find their home should get 2020 off to a fast start. Declining inventory in the middle and entry price ranges will continue to challenge buyers and boost prices. This month’s Housing Report provides a more detailed review of 2019 and outlook for 2020.


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