Market Update

Despite Low Inventory, Existing Home Sales Bounce Back!

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Some Highlights:

  • Sales in December were 14.7% higher than those in November, marking the largest month-over-month increase ever recorded.
  • Inventory levels are still below historic norms at 3.9-months supply.
  • Median home price is up 7.6% from last year, marking the 46th consecutive month with year-over-year price gains.

 

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