Home » Uncategorized » December Housing Market Cools

December Housing Market Cools

A recent analysis of December housing data on Realtor.com indicates that the residential housing market is following the normal holiday cool down, with less demand, reduced inventory and slower market velocity in most markets.
Median listing prices show a slight decrease over November 2015 to $228,000, but still represents an increase of 9 percent year over year. Realtor.com traffic continues to show solid year over year growth reflecting the same strong and consistent demand growth seen throughout 2015.
Home sales for December in the Bangor Area market (Bangor, Brewer, Hampden, Holden, Hermon, Orrrington, Orono, Old Town and Veazie) reached 114 compared to 112 for the same period last year with a dollar volume of $16.1 million.
Statewide homes sold in December of 2015 increased 11.4% to 2748 from December of 2014 sales of 2426.

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