As you settle into 2015, take a look back to see how real estate rounded out the year in 2014. Today the National Association of Realtors (NAR) released its December existing-home sales report, revealing positive trends for 2015. Total existing-home sales totaled 5.04 million in December 2014, above last year’s December number by 3.5 percent.
In 2014 total sales reached 4.93 million, a 3.1 percent decline from 2013 (5.09 million), but the median existing-home price for December was $209,500 which marked the 334th consecutive month of year-over-year price gains!
December’s percent share of first-time buyers was 29 percent, up from a year ago (27 percent). For the second straight year, first-time buyers represented an average of 29 percent. Additionally, December’s report revealed that thirty-one percent of homes were on the market for less than a month!
2014 was a good year. And here’s to hoping that 2015 is even better. As you sip your hot chocolate, dream of warm weather and start planning your dream house, take a look at these listings in the median sales prices across the country.
Northeast median sales price: $246,600
- 2135 Chapel St. New Haven, CT
- $245,000 for a 3 bedroom, 2 bath home (1,708 sq. ft)
Midwest median sales price: $159,100
- 6552 Rolling Glen Dr. in Dayton, OH
- $126,900 for a 3 bedroom, 2 bath home (1,750 sq. ft)
South median sales price: 184,100
- 2307 Harwood Hills Lane Charlotte, NC
- $174,000 for a 3 bedroom 2+ bath home (2,598 sq. ft.)
West median sales price: $299,600
- 7685 N Dante Fresno, CA
- $275,000 for a 3 bedroom home (1,694 sq. ft.)
The post What you need to know about the December Housing Numbers appeared first on Coldwell Banker Blue Matter.
Via:: Tips of the Day