HAR Report: Single-family home sales for the month of December jumped 25.5 percent compared to December 2019. The strongest sales activity took place among homes priced between $500,000 and $750,000, which rocketed 80.8 percent. The luxury market, consisting of homes priced at $750,000 and up, came in second place, climbing 54.0 percent. That was followed by homes in the $250,000 to $500,000 range, which rose 44.6 percent.
Prices of single-family homes established new December highs. The median price – the figure at which half of the homes sold for more and half sold for less – rose 8.7 percent to $273,443 while the average price rose 11.4 percent to $347,164..