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

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