December 2018 National Housing Snapshot

Real Estate

According to the National Association of REALTORS, "housing inventory is at a 3.7-month supply" (nationally).  Here are the numbers, broken down by region:

"Midwest
Existing-Home Sales: 1.19 million (-10.5% YoY)
Median Price: $191,300 (No Change)

Northeast
Existing-Home Sales: 690,000 (-6.8% YoY)
Median Price: $283,400 (+8.2% YoY)

South
Existing-Home Sales: 2.09 million (-8.7% YoY)
Median Price: $224,300 (+2.5% YoY)

West
Existing-Home Sales: 1.02 million (-15% YoY)
Median Price: $374,400 (+0.2% YoY)

Twenty-two percent of sales were all-cash, and 13 percent by individual investors, according to NAR. Two percent were distressed. First-time homebuyers comprised 32 percent of sales.

The hottest markets, according to realtor.com®’s Market Hotness Index, which is included in NAR’s report, were Chico, Calif.; Midland, Texas; Odessa, Texas; Columbus, Ohio; and Fort Wayne, Ind.

For more information, please visit www.nar.realtor."

( Source: RIS Media )

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