December Single-Family Homes Update(HAR Report):
Single-family home sales totaled 9,272, down 4.5 percent from December 2020. That marked the third negative sales month of 2021, with declines also recorded in July and October. The median price rose 17.2 percent to an all-time high of $319,000. The average price increased 13.5 percent to $392,449 – the second highest average price in history. Days on Market (DOM), or the number of days it took the average home to sell, dropped from 47 to 37.