HAR Report: For December, single-family home sales fell 6.2 percent year-over-year. That comes on the heels of November’s 4.7 percent sales increase that marked the first upward sales move in 19 months. Most segments of the housing market experienced declines, however the heaviest volume segment – consisting of homes between $250,000 and $500,000 – was unchanged compared to December 2022. Homes priced from $1M and above declined 2.1 percent.
The median price of a single-family home – the figure at which half of the homes sold for more and half sold for less – was $330,000 in December, unchanged from a year earlier. The average price of $407,817 was also statistically flat.