There were 510 homes sold in the month of December. The pace of sales increased 21% above last month's sales pace, but was still 0% below the same month of the previous year. Home sales are up desipte interest rates that were rising earlier in the year. If you are thinking about selling, doing so prior to the Summer market might be advantageous as inventory levels typically rise causing less demand among purchasers.

Home prices declined on a month-to-month basis in December, dropping -3% to an average sales price of $345237,000. Year-over-year prices increased 3%. The deceleration in home price growth reflects improving inventories and provides buyers who experienced tight supply for much of the year with more inventory to select from

The number of homes available increased 12% compared to the same month of the previous year, with 1014 homes available for sale in December. This translated to 2 months supply of active listings based upon closed sales. Inventory levels are low from this time last year which can cause an increase in home sales. However with interest rates expected to rise in 2023 we could see a gradual plateau in appreciating values with increased inventory for the later half of 2023