EXISTING HOME SALES RISE 0.7% IN DECEMBER, ANNUAL SALES HIGHEST SINCE 2006

Key Points:

  • Existing-home sales rose in December, with home sales in 2020 reaching their highest level since 2006, according to the National Association of Realtors.
  • Existing-home sales totaled $5.64 million in 2020, up 5.6% from 2019 and the most since before the Great Recession.
  • The median existing home sales price was $309,800, up 12.9% from one year ago.
  • Housing inventory sank to 1.07 million and a 1.9-month supply – both historic lows.
Source