The number of homes for sale, days on market and months of supply were all down in year-over-year comparisons in a majority of the country for the entirety of 2017, as was housing affordability. And although total sales volumes were mixed, prices were consistently up in most markets. Buyers may not benefit from higher prices, but sellers do, and there should be more listing activity by more confident sellers in 2018. At least that would be the most viable prediction for an economic landscape pointing toward improved conditions for sellers.

December 2017 Market Overview

New Listings were up 18.9 percent to 327. Pending Sales increased 44.3 percent to 306. Inventory shrank 6.9 percent to 2,049 units.

Prices moved higher as Median Sales Price was up 5.0 percent to $314,000.…

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