Prices ended 2017 with a sizable year-over-year increase. Single-family homes — the bulk of the market — sold for a median of $267,900 in December, up 2.6 percent from November and 14 percent from December 2016, reported the GLVAR, which compiles data from its resale-heavy listing service.
December’s sales tally shows different results. Buyers picked up 2,619 single-family homes last month, up 1 percent from November but down 3.5 percent from December 2016.
Meanwhile, availability kept tumbling. A total of 3,827 single-family homes were on the market without offers at the end of December, down 15.7 percent from November and 35.7 percent year-over-year.