HAR Report: Days on Market, or the actual time it took to sell a home, increased from 59 to 64, which is the highest since February 2020 when homes spent an average of 68 days on the market.
Months of inventory expanded from a 4.0-months supply last December to 4.5 months. The current national supply stands at 3.3 months, as reported by the National Association of Realtors.
Broken out by housing segments, single-family home sales performed as follows:
$1 - $99,999: decreased 5.6 percent (85 transactions)
$100,000 - $149,999: increased 8.0 percent (176 transactions)
$150,000 - $249,999: increased 9.1 percent (1,350 transactions)
$250,000 - $499,999: increased 0.5 percent (4,221 transactions)
$500,000 - $999,999: increased 13.4 percent (1,313 transactions)
$1M and above: decreased 0.3 percent (310 transactions)
HAR’s breakdown of existing single-family home sales shows December closings rose 8.9 percent year over year, with 4,885 homes sold versus 4,484 in December 2024. The average sales price increased 2.5 percent to $439,557, while the median price was up 1.5 percent to $330,000.