Market Insights – December 2015

Market Insights – December 2015


HOME SALES

Home sales continue to increase year-over-year.

5.4 million

Seasonally adjusted annual rate of home sales in the United States

3.9%

since one year ago

3.4%

since last month

HOME PRICE

Home prices have continued to increase year-over-year.

$219,600

Average home price in the United States

5.8%

since one year ago

-0.9%

since last month

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Home Prices

Home prices continued their seasonal decline in October as the median home price declined to $219,600 according to the National Association of Realtors. This was a decrease of 0.9% from September and a year-over-year increase of 5.8%. As we move into the winter months, we should begin to see some seasonal alleviation on prices; however, year-over-year gains will likely remain strong.

  • 2013-2014
  • 2014-2015