Our Market

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.

Video

This minute-video provides a summary of the numbers and trends for this month.

For additional information on our real estate market, please contact us today. We are happy to help you with specific neighborhood stats.

Snapshot

Median Price  $230,000 – Increased 10% from previous month

Inventory           7,508 – Decreased 13% from previous month