In addition to sharing information about how the 2019 real estate market wrapped up, we're really excited to share some of the particular things happening in our organization as we kick off 2020.
December finished with a bang. We had a really great month, not just internally, but the market overall had a terrific month.
We had a 34% increase in the number of closed transactions in December compared to December 2018. And to make sure we're kicking off 2020 in a really positive way, we had a 22% increase in the number of pending sales in December compared to December of '18.
I’ve been reporting for a while now that that 2019 was just a good, steady market of growth. We had a 3.5% to 4% increase in the average sales price and media sales price throughout the market. And about an 8% to 9% increase in the number of transactions year over year.
To make sure that we’re informing you about not just what happened in 2019, but also what we see are the steering factors for 2020, our 2020 Real Estate Market Analysis is now available. Included in this publication are the things to be thinking about that may shape the year ahead: Interest rates, which we think will remain low; it’s an election year and there are always interesting components there; etc., www.CollinsGroupRealty.com/2020MarketAnalysis