Report: December Closings Up, Selling Price Growth Slows

December real estate data on the Peninsula shows settled sales increased 10.96% year-over-year to 567, with pending sales up 15.17%. Active listings fell from November but rose 21.93% compared to last December. The median sale price rose 1.85% to $330,000, below the typical 3-5% annual increase. Inventory supply decreased from November but was higher than last year. Median days on market increased to 40. New home sales also rose.