This Month in Real Estate – December 2017
“Median price was driven during 2017 primarily by a combination of strong buyer demand and very low inventory levels,” explains 2018 ORRA President Lou Nimkoff, Brio Real Estate Services LLC. “REALTORS® expect prices to continue their upward trend in 2018, albeit at a slower rate.”
“We also expect low inventory to continue to exert its influence on the market in 2018, especially in the highly desired lower-priced categories,” says Nimkoff.
This minute-video provides a summary of the numbers and trends for this month.
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Median Price $230,000 – Increased 10% from previous month
Inventory 7,508 – Decreased 13% from previous month