By Saul Rosenthal
Special to The SUN
Home sales improved statewide in December, reversing a downward trend that began in July of this year. Sales of single-family homes increased 21 percent compared to November and were up 11 percent compared to December 2014. Similarly, condominium/townhouse sales were 14 percent higher in December than the previous month and 7 percent higher than a year ago.
The median price of the 6,617 single-family homes sold in December was $305,000, an increase of 9 percent compared to December 2014 and up $4,000 from November of this year. The median price for the 2,092 condominiums and townhouses sold last month was $226,000, an increase of 14 percent compared to a year ago. Over the last six months of 2015, housing prices started to level out with smaller increases month-to-month. The number of new listings dropped significantly from November to December — down 25 percent for single-family homes and down 28 percent for condominiums/townhouses. Despite these historically low figures, new listings in 2015 were an improvement over 2014.
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