Home Sales Report December Of 2021

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On January 20, 2022, National Association of Realtors® (NAR) reported that nationwide existing home sales declined 4.6% to annual rate of 6.18 million homes in December of 2021 from  6.46 million homes in November of 2021, and decreased 7.1% from 6.65 million homes from December of 2020.

There were 910,000 homes supplies of available inventory in December of 2021 dropped 18.0% from November of 2021, and fell 14.2% from 1.08 million homes in December of 2020; while, there were 1.8 months available inventory in December of 2021 lower from to 2.1 months in November 2021, and down from 1.9 months in December of 2020.

On average it took 19 days to sell a home in December of 2021, up from 18 days in November of 2021, but declined from 21 days in December 2020.
First time buyers acquired 30.0% of homes in December of 2021, higher from 26.0% in November of 2021, but lower from 31.0% in December of 2020.

Cash buyers purchased 23.0% of all sales in December of 2021, decreased from 24.0% in November of 2021, and from 19.0% in December of 2020.

Investors purchased 17.0% of homes in December of 2021, increased 15.0% in November of 2021, and gained from 14.0% in December of 2020, according to NAR on January 20, 2022.

Lawrence Yun, NAR chief economist, stated "Sales for the entire year finished strong, reaching the highest annual level since 2006."

For more complete information, on NAR's December of 2021 existing home sales report, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

Comments (10)

Graziella Bruner
NCS Premier Real Estate - Detroit, MI
Associate Broker - Serving Wayne & Oakland County

It amazes me at times how a market can change from year to year.  It's all about how much a buyer is willing to pay for a home especially in the bidding wars of real estate. 

Jan 21, 2022 06:15 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your weekend!

Jan 21, 2022 07:07 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Friday morning, John.

Take care, be safe and have a great day.

Jan 21, 2022 07:20 AM
Tony Busanich
TD Bank - Freehold, NJ
1-4 FAMILY HOME LOAN SPECIALIST

Hi John, thank you for the home sales numbers for december. Interesting information thanks. 

Jan 21, 2022 07:24 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Looks like it's trending from a seller's to a buyers market with inventory creeping up to 19 days to sell a home from 18

Jan 21, 2022 03:54 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Graziella Bruner very true, it is amazing that how a market can change from year to year. Well said, it's all about how much a buyer is willing to pay for a home especially in the bidding wars of real estate. Thanks for the comment.

Jan 21, 2022 04:32 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kristin Johnston - REALTOR® you are welcome, and glad you find the report very informative. Enjoy your weekend too! Thanks for the comment.

Jan 21, 2022 04:34 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Roy Kelley Have a great Friday too. Take care, be safe and have a great day. Thanks for the comment.

Jan 21, 2022 04:35 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Tony Busanich you are welcome, and glad you find the home sales for December very interesting and informative. Thanks for the comment.

Jan 21, 2022 04:37 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Ed Silva you are right, it looks like slowly it's trending from a seller's to a buyers market with inventory going up to 19 days to sell a home from 18 days. Thanks for the comment.

Jan 21, 2022 04:39 PM