Despite Low Home Inventories, Existing Home Sales Are Bouncing Back!
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According to keeping Current Matters, here are some highlights in Home Sales Bouncing Back Graphic below follow:
- Sales in December were 14.7% higher than those in November, marking the largest month-over-month increase ever recorded.
- Inventory levels are still below historic norms at 3.9-months supply.
- Median home price is up 7.6% from last year, marking the 46th consecutive month with year-over-year price gains.
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