What you need to know about the December Housing Numbers

As you settle into 2015, take a look back to see how real estate rounded out the year in 2014. Today the National Association of Realtors (NAR) released its December existing-home sales report, revealing positive trends for 2015. Total existing-home sales totaled 5.04 million in December 2014, above last year’s December number by 3.5 percent. […]

As you settle into 2015, take a look back to see how real estate rounded out the year in 2014. Today the National Association of Realtors (NAR) released its December existing-home sales report, revealing positive trends for 2015. Total existing-home sales totaled 5.04 million in December 2014, above last year’s December number by 3.5 percent.

In 2014 total sales reached 4.93 million, a 3.1 percent decline from 2013 (5.09 million), but the median existing-home price for December was $209,500 which marked the 334th consecutive month of year-over-year price gains!

December’s percent share of first-time buyers was 29 percent, up from a year ago (27 percent). For the second straight year, first-time buyers represented an average of 29 percent. Additionally, December’s report revealed that thirty-one percent of homes were on the market for less than a month!

2014 was a good year. And here’s to hoping that 2015 is even better. As you sip your hot chocolate, dream of warm weather and start planning your dream house, take a look at these listings in the median sales prices across the country.

Northeast median sales price: $246,600

Midwest median sales price: $159,100

South median sales price: 184,100

West median sales price: $299,600

Victoria Keichinger is the Director, Brand Marketing for Coldwell Banker Real Estate. When she's not managing national media and advertising for the Coldwell Banker brand at work, she finds herself most at home in Jersey City, NJ with her pre-school crush turned spouse (and baby on the way). A true francophile, she loves to travel and will go anywhere there are ski slopes.

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What You Need to Know about the November Housing Numbers