Prices Continue to Rise
Listed inventory is 21.6 percent below a year ago when there was a 6.4-month supply. Raw, unsold inventory is at the lowest level since January 2001 when there were 1.78 million homes on the market.
The national median existing-home price for all housing types was $180,800 in December, which is 11.5 percent above December 2011. This is the 10th consecutive month of year-over-year price gains, which last occurred from August 2005 to May 2006, and is the strongest increase since November 2005 when it jumped 12.9 percent.For all of 2012, the preliminary median existing-home price was $176,600, up 6.3 percent from $166,100 in 2011, and was the strongest annual price gain since 2005 when the median price rose 12.4 percent. Read more ....
No comments:
Post a Comment