Closed home sales have posted their seventh straight month of gains over the prior year. December put us at 24.6% over 2010 closed sales, pushing our year to date at 533 more sales than last year, a 10.9% increase. This trend should continue as pending sales posted an eighth straight month of double digit increase, sitting at 15.1% this December compared to last and YTD we are up 13.0%.
Inventory and new listings continue to decline. December new listings were down 14.3% and YTD we are down 13.8%. This has pushed our total inventory down 23.2% and our months supply of inventory is also down substantially to 7.0 months, a 31.7% decrease from last year at this same time.