There are a variety of trends happening in the real estate market lately and we want to make sure to stop to tell you what happened in December, as well as what that means for the future!
A new decade brings much excitement when it comes to the housing market. The year ended off with record numbers according to the RE/MAX National Housing Report. Here are three takeaways from the last report.
- December saw record sales with year-over-year gains of 13.5% – the highest increase of any month in 2019 and the best December since 2009.
- The number of homes on the market decreased by 14.5% – another record.
- Sale prices were up 3.8%.
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The graphic above gives the year end numbers for the Laramie County Residential real estate wrap up.
December’s record-breaking numbers are on the path to continue the first quarter of 2020. Interest rates are still low and sales are expected to remain up throughout the first part of the year. If you’re thinking about a new home for the new year, it’s time to start your search. Let’s get together to talk about your needs. Give us a call today and we will connect you to a real estate professional to start to guide you (307) 635-0303.