Courtesy of the National Association of REALTORS® this video provides a nice snapshot of the national housing market as of December 2018. Some highlights from the video:
- December sales volume was down 10.3% from last year, but median sales prices were up 2.9% from last year.
- Distressed sales were only 2% of total sales, down from 5% last year and the lowest since NAR started tracking in May 2011.
- Listing inventory is up 1.46%.
- Days on market is only 33 days.