on January 27, 2017 in First Time Home Buyers, For Buyers, For Sellers,Housing Market Updates, Move-Up Buyers
- 5.45 million existing homes were sold in 2016! This is the highest mark set since 2006.
- Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.
- The median price of homes sold in December was $232,200. This is the 58thconsecutive month of year-over-year price gains.