HAR Report: Days on Market, or the actual time it took to sell a home, increased from 57 to 59. Months of inventory expanded from a 3.3-months supply last December to 4.0 months. The current national supply stands at 3.8 months, as reported by the National Association of Realtors (NAR).
Broken out by housing segment, December sales performed as follows:
$1 - $99,999: unchanged
$100,000 - $149,999: increased 27.3%
$150,000 - $249,999: increased 17.5%
$250,000 - $499,999: increased 14.8%
$500,000 - $999,999: increased 18.2%
$1M and above: increased 64.6%
HAR also breaks out the sales figures for existing single-family homes. Existing home sales totaled 4,525 in December. That is up 17.6 percent versus the same month last year. The average sales price increased 8.6 percent to $431,899 while the median sales price rose 4.2 percent to $325,000.