As we bid farewell to 2015 and begin charting the course for 2016, I always like to pause to reflect on the year. In real estate there is rarely what is termed a “normal” or balanced market. In 2015 we saw the return of the Seller’s Market and the year was somewhat stymied by low inventory. Below is a quick snapshot of the numbers. More analysis is in the works so stay tuned for a deeper dive into last year compared to recent years. And of course, I will be putting together the annual list of my favorite 10 homes that sold in 2015.
For a quick comparison to 2014:
In 2014, 401 homes sold, but the median home price was $620,000. In 2015 we saw supply and demand do its work.
All data taken from the NWMLS as of 1/2/2016.