Last year at this time I predicted we'd see a 5% to 10% increase in single family home sales in 2012.

"So, now for predictions for 2012.  It's actually a bit more difficult this year.  After an 11% increase in single family home sales during 2011 --- it's hard to be conservative in my estimates.  Before seeing these figures, I would have estimated we'd see a 2% to 5% increase in single family home sales in 2012.   But given that 2011 showed a whopping 11% increase in sales pace, I think I'll have to predict that we'll see a 5% to 10% increase in 2012.  That would put us somewhere between 649 and 680 sales in 2012 -- which is on pace with 2008."

It turns out my first instincts (2% - 5%) were more accurate.  Here's how the market performed in 2012 based on data through 1/1/2013 (a few more sales could trickle in)....



So, now for predictions for 2013....

After a 2% increase in single family homes between 2011 and 2013, I am going to predict somewhere between a 2% and 5% increase in single family home sales in 2013.  This would result in somewhere between 647 and 666 home sales during 2013.

Despite only a 2% increase in single family homes during 2012, overall it was a great year for our local housing market!