December Single-Family Homes Update(HAR Report)
Single-family home sales totaled 9,652, a 25.5 percent increase from December 2019. That marked the seventh consecutive month that sales were on the rise. The median price rose 8.7 percent to an all-time high of $273,443. The average price increased 11.4 percent to $347,164 – another record-setting figure. Days on Market (DOM), or the number of days it took the average home to sell, dropped from 63 to 46.