December 2020 Monthly Housing Market Trends Report: Number of Homes for Sale Hits a New Low

Dated: January 9 2021

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December 2020 Monthly Housing Market Trends Report: Number of Homes for Sale Hits a New Low

  • National inventory declined by 39.6% over the last year, and fell below 700,000 for the first time in our records.
  • The inventory of newly listed properties declined by 0.8% nationally and grew by 7.6% for large metros over the past year. 
  • The December national median listing price was $340,000, up 13.4% compared to last year. Large metros saw an average price gain of 8.8% compared to last year.
  • Nationally, the typical home spent 66 days on the market in December, 13 days less than the same time last year. 

Source: December 2020 Monthly Housing Market Trends Report

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Laura Koons-Boswell

Laura made the decision to become a REALTORĀ® in 2004 after her first experience purchasing her own home. She didn't have representation of her own and she quickly learned how valuable having a Trust....

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