Dallas Lehman here with Lehman Properties with your monthly Napa County Housing Update.
The number of active listings in December 2016 was 236, down 11% from last year and down 23% from November. The median listing price is still up year over year, at approximately $949,300 in December 2016 vs. $884,500 last December.
Home sales decreased 12% from last month, based on the number of units sold in December, but are up year over year. The fact that these numbers continue to be so low, indicates continued stability in our local home sales. The median sale price increased to $602,500 from $595,500 last year, and but down from $620,000 in November, though these are not drastic changes overall when reviewing the market as a whole.
It is always important for us to look at the big picture when analyzing current Real Estate markets. With interest rates continuing to remain low, and growth in property values year over year, there are costs and benefits for both sellers and buyers to weigh in a market like this.
I hope you have found this information useful. If you have any questions, or would like a free consultation to find out what your options are, please call or text me at 707-219-8474 or email me anytime at firstname.lastname@example.org.
Have an amazing day and I will see you next month with January's Housing Update!