Market Update

Despite Low Inventory, Existing Home Sales Bounce Back!

EHS-JAN-KCM

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.

 

Related posts

New Home Sales in U.S. Rose in May

jlspr

Homebuilders Encouraged by Steady Housing Market

jlspr

Jon Hunter speaks with KOMO Radio about the Puget Sound Market

jlspr