{"id":4603,"date":"2021-01-07T15:07:10","date_gmt":"2021-01-07T21:07:10","guid":{"rendered":"https:\/\/nwfl4sale.com\/realtor-com-for-sale-inventory-hits-all-time-low\/"},"modified":"2021-01-07T15:07:10","modified_gmt":"2021-01-07T21:07:10","slug":"realtor-com-for-sale-inventory-hits-all-time-low","status":"publish","type":"post","link":"https:\/\/nwfl4sale.com\/realtor-com-for-sale-inventory-hits-all-time-low\/","title":{"rendered":"Realtor.com: For-Sale Inventory Hits All-Time Low"},"content":{"rendered":"
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The number of listings advertised in Dec. dipped below 700K as buyers remained active during the holiday season. The drop in 4 Fla. cities ranged from 20% to 50%.<\/span><\/span><\/p>\n<\/div>\n SANTA CLARA, Calif. \u2013 The number of U.S. homes for sale reached an all-time low in December, dipping below 700,000 for the first time as buyers remained active throughout the holiday season, according to realtor.com\u2019s Monthly Housing Trends Report.<\/span><\/span><\/p>\n And due to unusually strong demand, home prices rose by double digits year-to-year, though the median listing price on realtor.com was $340,000, down from a summer high of $350,000.<\/span><\/span><\/p>\n \u201cThe shortage of homes for sale has been an ongoing issue for the last couple of years, but in December the combination of the holiday inventory slowdown and the pandemic buying trend caused it to dip to its lowest level in history,\u201d says realtor.com Chief Economist Danielle Hale. \u201cLooking forward, we could see new lows in the next couple of months as buyers remain relatively active\u201d but sellers hold back due to a new surge of COVID-19 cases.<\/span><\/span><\/p>\n Newly listed properties have shown mixed trends. While December\u2019s data points to possible relief on the horizon, this figure has been impacted the most in areas with large COVID surges, and consistent improvement will be key in order to get out of this extreme shortage. We eventually expect to see improvements in the supply of homes for sale, especially in the second half of the year. Until then, finding a home will continue to be a top challenge for buyers across all price ranges.\u201d<\/span><\/span><\/p>\nDecember report listing results<\/span><\/span><\/h3>\n
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December report asking-price results<\/span><\/span><\/h3>\n
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December report time-on-market results<\/span><\/span><\/h3>\n
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Florida metro year-to-year listing results in December<\/span><\/span><\/h3>\n
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