The median home price was $470,661 in December, which was a decrease of 3.8 percent from November and a 3.6 percent increase from December of last year. The median home price has increased by approximately $16,274 in the past year.
A seasonally adjusted 43,755 homes were sold in December, which was up 2.2 percent from November and up 0.1 percent from December of the previous year. 2016 outpaced 2015 by approximately 31,954 home sales.
The sales-to-new-listings ratio decreased to 63.5 percent in December, while a seasonally adjusted 68,912 new listings came on the market. This ratio could indicate a seller?s market in the majority of regions.
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