Home Prices Show Positive Gain
From the National Association of Realtors:
Housing indicators for December reflect the year-long pattern of rising prices and sales and declining affordability and inventory:
- Median Prices rose 25 percent to $149,900
- Average Prices rose 18 percent to $194,093
- New Listings increased 8 percent
- Pending Sales were up 17 percent
- Inventory Levels shrank 4 percent
- Months Supply of Homes for Sale decreased 6 percent to 5.2
- Days on Market decreased 15 percent to 81 days
- Percent of Original Price Received increased .1 percent to 94 percent
