Holiday Slowdown Arrives in December with Some Silver Linings For Buyers
News Corporation - Class A (NWSA)
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Source: PR Newswire
Inventory of homes actively for sale grew for the 14th straight month December brought 0.9% more newly listed homes compared to the same time last year Homes spent 70 days on the market, the slowest December in five yearsSANTA CLARA, Calif., Jan. 8, 2025 /PRNewswire/ -- December 2024 saw a 22.0% growth in homes actively for sale compared with the same time last year, according to the December Monthly Housing Trends Report from Realtor.com®. Miami (45.4%), San Diego (42.4%), and Denver (41.9%) led the way with the highest active listing growth year over year amongst the top 50 metros in the U.S."December is traditionally a slower time for the market, as people settle in for the holidays, and we expect to see a seasonal downturn each year. Compounding this, mortgage rates are hovering in the high 6s, following a strikingly different trend than at this time last year," said Danielle Hale, Chief Economist, Realtor.com®. "Nevertheless, the number of homes for sale grew compared to last Dec
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