According to a report by RE/MAX, home sales in December experienced a decline of 7.3% compared to the previous year. The median sold price reached $400,000, showing a 3.9% increase from December 2022. However, it was also 1.2% lower than November. This data suggests a slowdown in the housing market, creating a mixed picture for both buyers and sellers.
Key points:
– RE/MAX reports a 7.3% decrease in home sales in December compared to the previous year.
– The median sold price of $400,000 reflects a 3.9% increase from December 2022.
– However, there was a 1.2% decrease in median sold price compared to November.
– The housing market indicates a slowdown, posing challenges for both buyers and sellers.
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