TOL - December homes for sale below 700K all-time low: Realtor

Realtor.com's Monthly Housing Trends report indicate that the December number of homes for sale in the U.S. stood below 700K, an all-time low, for the first time led by active buyers  throughout the holiday season.Typical home spent 13 days lesser on the market than last year.National inventory dropped 39.6% Y/Y while inventory of newly listed properties inched down by 0.8% nationally and grew by 7.6% for large metros over the past year.December national median listing price was $340K (+13.4% Y/Y) down from a summer high of $350K; large metros saw an average price gain of 8.8%.Quick look at the regional statistics:While newly listed properties indicate mixed trends, December trends reflect relief with major dents in areas with large COVID surges, and consistent improvement will be key in order to get out of this extreme shortage."Looking forward, we could see new lows in the next couple of months as buyers remain relatively

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December homes for sale below 700K, all-time low: Realtor