VIDEO: National Home Sales Rebound In December, End Year Strong
By Bobby Freeman, Realtor // January 31, 2016
real estate market watch
ABOVE VIDEO: After two consecutive months with falling home sales, December roared back with 6.1 percent more sales than one year ago.
BREVARD COUNTY, FLORIDA – After two consecutive months with falling home sales, December roared back with 6.1 percent more sales than one year ago.
On a month-over-month basis, December sales were much higher than expected at 22.5 percent.
In all of 2015, nine months saw home sales higher than the same month one year ago.
December appeared to continue the trend of moderating home prices, with a year-over year gain of 5.3 percent while the 2015 average was 7.6 percent.
The median price of all homes sold in December was $206,000.
The inventory of homes for sale remains very tight in many metros across the country, at a level that is 14.2 percent lower than December 2014.
At the rate of home sales in December, the national Months Supply of Inventory was 4.9, down from 5.7 one year ago.
“It’s possible that the TRID closing rule implementation caused November transactions to dip lower than normal, but now we see December bouncing back much stronger than the seasonal average,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder.
“Perhaps many closings were simply pushed forward a month. But it’s nice to see the year end on an upbeat note, with sales significantly greater than the previous year. Overall, 2015 goes into the record books as a very good year for residential real estate.”
ABOUT THE AUTHOR
Bobby Freeman, a life-time resident of Brevard County, has been a top Realtor in the area for two decades. In his first year as an agent, Freeman received a Rising Star award from his Brokers. Since then he has achieved numerous sales awards and has recently been presented with the prestigious RE/MAX Hall of Fame Award.
Freeman, Jennifer McCoy and Nikki McCoy Freeman are family partners for RE/MAX Elite’s McCoy-Freeman Group. Together they have more than 30 years of extensive experience in all aspects of the real estate industry and have sold over $200 million.
Among McCoy-Freeman Group’s achievement are RE/MAX Hall of Fame, RE/MAX 100% Club, Certified Distressed Property Experts (CDPE), Accredited Buyer’s Representative (ABR) and voted Best Realtor in Brevard County.
The group has been featured in many news publications including CNN Money Magazine, CNNMoney.com, WFTV 9 ABC News, Coastal Condo Living, & Hot Retirement Towns Magazine and SpaceCoastDaily.com.
For more information log on to BrevardRealtyConnection.