December Single-Family Homes Update-HAR Report
Single-family home sales totaled 6,378, down 32.6 percent from December 2021. That marked the ninth consecutive negative sales month of 2022 as well as the steepest decline. The median price rose 3.8 percent to $330,000. The average price increased 5.1 percent to $409,777. Pricing gains slowed significantly during the last three months of 2022 compared to the double-digit jumps that prevailed during the first six months of the year. Days on Market (DOM), or the number of days it took the average home to sell, rose from 38 to 57.