Existing-Home Sales Up Slightly

The National Association of Realtors is reporting that existing home sales were up 0.7% in December to a seasonally-adjusted annual rate of 6.76 million (up 22.2% from one year ago). Total housing inventory at the end of December was 1.07 million units, down 16.4% from November and down 23% from one year ago. Unsold inventory sits at an all-time low 1.9-month supply at the current sales pace with properties remaining on the market for around 21 days. The median existing-home price for all housing types was $314,300, up 13.5% from December, 2019. Continue reading HERE...