Happy New Year to you! December results are in and they are quite similar to previous years. 96 homes were sold in Oneida and Vilas Counties. This compares with 90 in 2016 so we are up 6% from last year for the month. Year-to-date 1347 homes have sold and this compares with 1354 in 2016 so we ended the year down 0.5%. It has been a bit odd in that it seemed to slow down slightly as the year progressed. When one looks at the sold (red) line above, it looks like it has been remarkably consistent for the past 3 years. We have not recovered enough to be where we were at in the mid 2000’s but consistency is good. If you look at the 2009 – 2011 years, we only climbed above 100 homes sold one month in that period.
Supply continues to fall so we may see some price increases. Homes listed has gone from 2697 in 2015 to 2482 in 2016 to 2281 in 2017 (-15% in 2 years).
I hope you had a terrific end to 2017 and your 2018 is filled with joy and happiness!!