Issue link: https://viewer.e-digitaledition.com/i/111658
December 2005, when there were 3,770 homes sold. On a month-to-month basis, home sales were down 9.8% from 4,145 homes sold in November 2012. The median selling price for a singlefamily home in December was $303,500, up 10.4% from $275,000 in December 2011. This is the first time prices have increased 10% or more since January 2010. This is also the third straight monthly year-over-year increase. On a month-to-month basis, the December 2012 median selling price went up 2.9% from $295,000 in November 2012. This is the second straight month-tomonth increase. In December 2012, 1,434 condominiums sold ��� a 14.2% increase from the 1,256 condos sold the same time last year. This is the 12th straight month of year-over-year increases. On a month-to-month basis, condominium sales were down 7.4% from 1,548 homes sold in November 2012. The median selling price for condominiums in December 2012 was $282,750, which was up 8.7% from $260,000 in December 2011. This is the 10th straight monthly year-overyear increase. On a month-to-month basis, the December median selling price was down 1% from $285,500 in November 2012. inventory and days on Market 2012 Year-end sales and Prices The inventory of single-family homes as of December 31, 2012, decreased 28.1% from December 2011 ��� 25,073 listings in 2011 to 18,021 listings in 2012 ��� which translates into 4 .7 months of supply in December 2012. This is down from 7.9 months of supply in 2011 and down from si x months in November 201 2 . This was the ninth straight month of inventory decreases. The inventor y of condominiums on the market in December 2012 was down 34 .3% compared to the year before ��� 8,346 listings in 2011 to 5 , 486 listings in 2012 ��� translating into 3.6 months of supply, which is down from 6.8 months in December 2011 and dow n from 4.6 months in November 2012. Detached single-family homes stayed on the market an average of 113 days in December 2012, compared to an average of 118 days in December 2011. Condos stayed on the market an average of 102 days, down from an average of 121 days in December 2011. On a month-to-month basis, days on market for single-family homes were up seven days from 106 days in November 2012, while condos were up from 99 days. The number of detached single-family homes sold in 2012 went up 21% from 2011 ��� from 38,146 to 46,312 homes. This was the most active year since 2005 , when 51,078 homes were sold. The number of condominiums sold in 2011 went up 22% ��� from 14,758 to 18,045 units. The condominium market had its strongest year since 2007, when 20,531 units were sold. The median price for a single-family home went up 1% from 2011 ��� from $295,000 to $298,000. The condominium market saw median prices increase 4% from 2011 ��� from $270,000 to $282,000. ���The year 2012 was the type of year the market needed to help it eventually recover,��� says Allard-Moccia. ��� With inventory continuing to go down, we���re at risk for slipping back to where we were. A truly vibrant market has a good selection of homes at all price levels for all types of buyers.��� Single-family homes stayed on the market 111 days on average in 2012 , compared with 114 days on average in 2011. The average monthly inventory ��� 27,093 homes ��� was down 14% from 2011 ��� 31,457 homes. This translates to 7.7 months of supply on average for 2012, compared with 9.7 months of supply on average in 2011. Condominiums stayed on the market 103 days on average in 2012, compared with 114 days on average in 2011. The average monthly inventor y ��� 8 ,723 units ��� was 27% lower than the 2011 average level of 11,296 units statewide. This translates to 6.5 months of supply on average for 2012, compared with 8.9 months of supply on average in 2011. Organized in 1924, the Massachusetts Association of Realtors is a professional trade organization with more than 19,000 members. The term Realtor is registered as the exclusive designation of members of the National Association of Realtors who subscribe to a strict code of ethics and enjoy continuing education programs. n Congratulations McPhee Associates of Cape Cod on being chosen ���Builder of the Month��� Structural Steel ��� Rebar ��� Misc. Steel 210 Airport Way, Hyannis, MA 02601 508.771.3900 36 | Greater boston Builder+architect Boston.BuiLDerarChiteCt.Com Photography: Roe Osborn sales report Continued from Page 34