2019 Overview

The 2019 fourth quarter residential market shows a slight decrease in prices and transactions, along with a minimal increase in average days on the market. Data shows a total of 3,305 closed sales in this quarter, representing a -16% decrease from last quarter. The average days on market was 23 days, which is 4 days more than last quarter. On average, homes sold for $240,413, which is a decrease of $7,435 from last quarter.

“As homeowners gain equity in their homes, they are more likely to consider using the equity to purchase a larger or more attractive home.”

-Mark Fleming
First American Chief Economist