January 2017 MLS Report

5,188 properties sold through January 2017 compared to 4,640 through January 2016. This represents a 12% increase in the volume of sales. Days on market (days to sell) is now down to just 19 from 29 last year. Average price is up 22.3% year over year and listings are down 49.5% overall.

More solid evidence of major price increases in 2017. I predict that the average price through 2017 will end up at just over $900,000. By the end of 2018 we will break $1.0 M as an average price reported by MLS.