On January 22, 2021, National Association of Realtors NAR.Realtors reported on median home value price was $309,800 in December of 2020 higher 12.9% from the price of $274,500 in December of 2019.
Single family home sales were at annual rate of 6.03 million units in December of 2020 gained 0.7% from the annual rate of 5.99 million home sales in November of 2020, and jumped 22.8% from home sales rate in December of 2019. The median single family home price was $314,300 in December of 2020, rose 13.5% from December of 2019.
Condominium and co-op sales increased 1.4% to an annual rate of 730,000 units in December of 2020 from November of 2020, but rose 17.7% from December of 2019. Median existing condo price was $272,400 in December of 2020, up 6.9% from December of 2019.
Distressed homes sales were 1.0% in December of 2020 unchanged from 1.0% in November of 2020, but down from 2.0% in December of 2019, according to NAR on December 22, 2020.
Lawrence Yun, NAR chief economist, stated "What's even better is that this momentum is likely to carry into the new year, with more buyers expected to enter the market."
For more complete information, on NAR's December of 2020 home sales stats, please click HERE
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