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Wednesday, December 29, 2021
RE/MAX National Housing Report December 2021
RE/MAX National Housing Report December 2021!
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado! Selling Homes up to $125,000 Over Asking Price!
Buyers finally saw relief in this scorching market as November’s median sales price dropped 2.9%. While the month followed general seasonal trends, it still set many records, such as the average number of days homes were listed before selling. At 29 days, November’s average is only the sixth month in report history with an average below 30. Here’s a look at other highlights from November’s National Housing Report:
• The five-year average for October-to-November home sales is a decline of 12.0%, more than twice the drop of 4.9% in November 2021.
• The five-year average for October-to-November inventory is a decline of 8.9%, slightly more than half of the drop of 17.7% in November 2021.
• Despite declining month over month, November’s median home price was 11.9% higher than November 2020’s $295,000 and marks the 35th consecutive month that home prices have risen year over year.
With prices dropping and demand for homes still high there are plenty of reasons for optimism as we head in 2022.