Holiday Slowdown Arrives in December with Some Silver Linings For Buyers
December 2024 showed a 22.0% increase in active home listings compared to the previous year, marking the 14th consecutive month of inventory growth. The median listing price decreased by 1.8% to $402,502, while newly listed homes increased by 0.9% year-over-year.
Homes spent an average of 70 days on the market, representing the slowest December since 2019. Among the top 50 metros, Miami (45.4%), San Diego (42.4%), and Denver (41.9%) led in active listing growth. The price per square foot rose by 1.3% nationally, with some metros experiencing significant increases, notably Cleveland (13.9%) and Hartford (12.9%).
The housing market showed signs of a seasonal slowdown, influenced by both holiday patterns and mortgage rates in the high 6% range. Despite this, increased inventory and slower market pace could present opportunities for winter buyers ahead of the spring season.
Dicembre 2024 ha mostrato un aumento del 22,0% nelle inserzioni di case attive rispetto all'anno precedente, segnando il 14° mese consecutivo di crescita dell'inventario. Il prezzo mediano di inserzione è diminuito dell'1,8% a $402,502, mentre le nuove case listate sono aumentate dello 0,9% anno su anno.
Le case sono rimaste in media per 70 giorni sul mercato, rappresentando il mese di dicembre più lento dal 2019. Tra le prime 50 aree metropolitane, Miami (45,4%), San Diego (42,4%) e Denver (41,9%) hanno guidato la crescita delle inserzioni attive. Il prezzo al metro quadro è aumentato dell'1,3% a livello nazionale, con alcune aree metropolitane che hanno registrato aumenti significativi, in particolare Cleveland (13,9%) e Hartford (12,9%).
Il mercato immobiliare ha mostrato segni di un rallentamento stagionale, influenzato sia dai modelli festivi che dai tassi ipotecari nel range del 6% alto. Nonostante ciò, l'incremento dell'inventario e il rallentamento del mercato potrebbero offrire opportunità per gli acquirenti invernali in vista della stagione primaverile.
Diciembre de 2024 mostró un aumento del 22.0% en las ofertas de casas activas en comparación con el año anterior, marcando el 14° mes consecutivo de crecimiento en el inventario. El precio medio de listado disminuyó en un 1.8%, quedando en $402,502, mientras que las nuevas casas listadas aumentaron un 0.9% interanual.
Las casas pasaron un promedio de 70 días en el mercado, representando el diciembre más lento desde 2019. Entre las 50 áreas metropolitanas principales, Miami (45.4%), San Diego (42.4%) y Denver (41.9%) lideraron el crecimiento de las ofertas activas. El precio por pie cuadrado aumentó un 1.3% a nivel nacional, con algunas áreas metropolitanas experimentando aumentos significativos, notablemente Cleveland (13.9%) y Hartford (12.9%).
El mercado de vivienda mostró signos de desaceleración estacional, influenciado tanto por los patrones festivos como por las tasas hipotecarias en el rango del 6% alto. A pesar de esto, el aumento del inventario y la ralentización del mercado podrían presentar oportunidades para los compradores de invierno antes de la temporada de primavera.
2024년 12월은 전년 대비 22.0%의 활발한 주택 목록 증가를 보여주었으며, 이는 14개월 연속 재고 증가를 의미합니다. 중간 목록 가격은 1.8% 감소하여 $402,502에 달했으며, 새로 목록에 추가된 주택은 전년 대비 0.9% 증가했습니다.
주택은 평균 70일 동안 시장에 머물렀으며, 이는 2019년 이후 가장 느린 12월입니다. 상위 50개 대도시 중 마이애미 (45.4%), 샌디에이고 (42.4%), 덴버 (41.9%)가 활발한 목록 증가율에서 선두를 차지했습니다. 제곱피트당 가격은 전국적으로 1.3% 상승했으며, 클리블랜드 (13.9%)와 하트포드 (12.9%)와 같은 일부 대도시는 큰 폭의 상승을 경험했습니다.
주택 시장은 계절적 둔화의 징후를 보이고 있으며, 이는 명절 패턴과 높은 6% 대의 모기지 금리에 의해 영향을 받았습니다. 그럼에도 불구하고 재고 증가와 느린 시장 속도는 봄 시즌을 앞두고 겨울 구매자에게 기회를 제공할 수 있습니다.
Décembre 2024 a montré une augmentation de 22,0% des annonces de maisons actives par rapport à l'année précédente, marquant le 14ème mois consécutif de croissance de l'inventaire. Le prix médian des annonces a diminué de 1,8% pour s'établir à $402,502, tandis que le nombre de nouvelles maisons listées a augmenté de 0,9% d'une année sur l'autre.
Les maisons ont passé en moyenne 70 jours sur le marché, ce qui représente le mois de décembre le plus lent depuis 2019. Parmi les 50 plus grandes métropoles, Miami (45,4%), San Diego (42,4%) et Denver (41,9%) ont dirigé la croissance des annonces actives. Le prix par pied carré a augmenté de 1,3% à l'échelle nationale, certaines métropoles ayant connu des augmentations significatives, notamment Cleveland (13,9%) et Hartford (12,9%).
Le marché immobilier a montré des signes d'un ralentissement saisonnier, influencé à la fois par les tendances des vacances et par des taux hypothécaires dans la fourchette haute des 6%. Malgré cela, l'augmentation de l'inventaire et le rythme plus lent du marché pourraient offrir des opportunités aux acheteurs d'hiver avant la saison printanière.
Dezember 2024 zeigte einen Anstieg der aktiven Wohnungsangebote um 22,0% im Vergleich zum Vorjahr, was den 14. aufeinanderfolgenden Monat des Wachstums des Inventars markiert. Der Medianpreis für Angebote fiel um 1,8% auf $402,502, während neu gelistete Wohnungen im Jahresvergleich um 0,9% zunahmen.
Die Häuser verbrachten im Durchschnitt 70 Tage auf dem Markt, was den langsamsten Dezember seit 2019 darstellt. Unter den 50 größten Metropolen führten Miami (45,4%), San Diego (42,4%) und Denver (41,9%) im Wachstum aktiver Angebote. Der Preis pro Quadratfuß stieg im nationalen Durchschnitt um 1,3%, wobei einige Metropolen signifikante Anstiege verzeichneten, insbesondere Cleveland (13,9%) und Hartford (12,9%).
Der Wohnungsmarkt zeigte Anzeichen einer saisonalen Verlangsamung, beeinflusst durch sowohl saisonale Muster als auch Hypothekenzinsen im hohen 6% Bereich. Trotz dessen könnte das erhöhte Inventar und die langsamere Marktdynamik Möglichkeiten für Winterkäufer vor der Frühjahrssaison bieten.
- 22.0% year-over-year growth in homes actively for sale
- 0.9% increase in newly listed homes compared to last year
- 1.3% increase in median price per square foot nationally
- Inventory continuing to move closer to pre-pandemic levels
- 1.8% decrease in median listing price to $402,502
- Slower market pace with homes spending 70 days on market (9 days longer than last year)
- Inventory still 15.7% below pre-pandemic levels
- Decline in seller activity from November's 2.0% to December's 0.9% growth
Insights
The December housing data reveals significant shifts in market dynamics. The 22.0% year-over-year increase in active listings, coupled with a 0.9% rise in new listings, signals improving inventory conditions. However, the
Key markets like Miami (
The December data presents a complex economic picture. The
Regional variations are striking - while most areas show increased marketing times, the South (-4 days), Midwest (-17 days) and Northeast (-19 days) remain more competitive than pre-pandemic levels. The divergent price trends across metros, from Cleveland's
The seasonal slowdown is amplified by high mortgage rates in the 6% range, creating a distinctive market environment. The
Notable is the resilience in square footage values, with a
- Inventory of homes actively for sale grew for the 14th straight month
- December brought
0.9% more newly listed homes compared to the same time last year - Homes spent 70 days on the market, the slowest December in five years
"December is traditionally a slower time for the market, as people settle in for the holidays, and we expect to see a seasonal downturn each year. Compounding this, mortgage rates are hovering in the high 6s, following a strikingly different trend than at this time last year," said Danielle Hale, Chief Economist, Realtor.com®. "Nevertheless, the number of homes for sale grew compared to last December. Further, growing activity in newly listed homes and a slower market pace could spell opportunity for winter buyers who want to get ahead of the busier spring season."
December 2024 Housing Metrics – National
Metric | Change over Dec. 2023 | Change over Dec. 2019 |
Median listing price | - | +34.2 % |
Active listings | +22.0 % | -15.7 % |
New listings | +0.9 % | -11.0 % |
Median days on market | +9 days (to 70 days) | -7 days |
Share of active listings with price | +0.2 percentage points (to | +2.4 percentage points |
Median List Price Per Sq.Ft. | +1.3 % | +49.0 % |
A Slow, but Improved, December as Inventory Ticks Up
While homes actively for sale grew for the 14th straight month in December, the year-over-year growth of
More Time for Homebuyers as December Days on Market Hits 2024 High
Homes sat on the market for longer this December, compared to the same time last year, with the typical home spending 70 days on market, which is seven more days than last December and six more days than November 2024. Homebuyers may want to take note: days on market make this December the slowest December since 2019 and overall, the slowest month of 2024.
Out of the 50 largest metros, 46 saw time on market go up in December. Specifically,
Increase in Price per Square Foot
Price per square foot continues to rise, experiencing a
December 2024 Housing Overview of the 50 Largest Metros
Metro Area | Median Listing | Median Listing | Median Listing | Median Listing | Median Listing |
-3.6 % | -0.6 % | 25.8 % | 47.9 % | ||
-7.7 % | -5.3 % | 42.4 % | 51.8 % | ||
1.4 % | 0.9 % | 15.5 % | 27.8 % | ||
0.0 % | 0.0 % | 14.1 % | 28.6 % | ||
0.2 % | 3.4 % | 36.0 % | 56.6 % | ||
0.4 % | 4.0 % | 31.6 % | 46.5 % | ||
5.6 % | 1.2 % | 25.8 % | 54.8 % | ||
-0.7 % | 1.9 % | 16.2 % | 31.1 % | ||
-4.8 % | 3.4 % | 23.2 % | 50.5 % | ||
9.1 % | 13.9 % | 33.4 % | 52.8 % | ||
-2.9 % | 3.3 % | 27.1 % | 52.6 % | ||
-2.9 % | -0.3 % | 25.1 % | 41.7 % | ||
-5.4 % | -1.1 % | 16.1 % | 34.1 % | ||
6.2 % | 1.4 % | 11.1 % | 27.1 % | ||
2.6 % | 12.9 % | 37.9 % | 66.8 % | ||
0.4 % | -0.3 % | 20.5 % | 36.4 % | ||
1.6 % | 2.4 % | 21.2 % | 49.6 % | ||
-5.7 % | -2.2 % | 28.2 % | 45.9 % | ||
-7.5 % | -1.2 % | 17.9 % | 37.9 % | ||
1.9 % | 4.6 % | 46.5 % | 53.9 % | ||
-0.5 % | 1.6 % | 29.5 % | 42.8 % | ||
1.7 % | 1.9 % | 27.1 % | 37.7 % | ||
3.5 % | -0.4 % | 41.9 % | 57.6 % | ||
-9.9 % | -6.6 % | 30.7 % | 39.8 % | ||
6.7 % | 8.5 % | 41.0 % | 46.6 % | ||
0.7 % | -0.1 % | 20.9 % | 28.0 % | ||
-3.9 % | 0.2 % | 46.2 % | 60.3 % | ||
0.0 % | -1.2 % | 16.7 % | 25.5 % | ||
2.0 % | 1.5 % | 30.4 % | 66.8 % | ||
-3.1 % | -0.1 % | 24.0 % | 37.5 % | ||
-4.3 % | -2.4 % | 32.5 % | 51.4 % | ||
5.3 % | 5.4 % | 25.4 % | 48.9 % | ||
-5.1 % | 0.6 % | 31.6 % | 49.4 % | ||
-1.7 % | 3.2 % | 23.7 % | 30.8 % | ||
-0.5 % | 0.5 % | 28.0 % | 38.1 % | ||
5.0 % | 5.9 % | 41.9 % | 44.1 % | ||
-0.4 % | 1.0 % | 23.5 % | 49.6 % | ||
-2.3 % | 2.9 % | 30.1 % | 55.0 % | ||
3.1 % | 0.9 % | 47.4 % | 56.2 % | ||
3.0 % | 4.4 % | 28.8 % | 38.2 % | ||
-1.6 % | -0.5 % | 24.2 % | 34.6 % | ||
-1.7 % | -1.9 % | 18.3 % | 33.7 % | ||
-1.6 % | -0.5 % | 34.5 % | 52.6 % | ||
-10.9 % | -6.5 % | -1.1 % | 17.9 % | ||
-2.3 % | -0.9 % | 17.0 % | 24.0 % | ||
-3.3 % | 2.0 % | 24.9 % | 46.6 % | ||
0.9 % | -0.1 % | 32.0 % | 27.4 % | ||
-6.0 % | -5.5 % | 41.3 % | 56.9 % | ||
3.3 % | 5.2 % | 29.6 % | 45.6 % | ||
-2.1 % | 3.4 % | 21.8 % | 51.5 % |
Metro Area | Active Listing | New Listing | Median Days | Median Days | Price– | Price- |
38.3 % | 17.8 % | 65 | 12 | 16.2 % | +3.2 pp | |
13.0 % | -14.2 % | 80 | 6 | 16.1 % | -3.9 pp | |
17.5 % | 5.4 % | 49 | 3 | 12.3 % | -0.7 pp | |
19.0 % | 17.1 % | 69 | 8 | 12.6 % | -2.5 pp | |
1.1 % | -18.2 % | 60 | 7 | 8.9 % | -0.2 pp | |
17.0 % | -14.1 % | 61 | 2 | 5.8 % | +0.3 pp | |
33.6 % | 3.6 % | 63 | 10 | 16.0 % | +3.1 pp | |
6.4 % | 11.8 % | 51 | 1 | 10.2 % | -1.8 pp | |
18.2 % | -11.0 % | 52 | 8 | 12.5 % | 1.5 pp | |
3.7 % | -19.1 % | 55 | 4 | 13.0 % | -0.7 pp | |
24.9 % | -1.5 % | 56 | 7 | 17.7 % | -0.3 pp | |
31.1 % | 14.7 % | 66 | 8 | 17.4 % | +0.0 pp | |
41.9 % | 0.8 % | 74 | 13 | 24.1 % | +11.5 pp | |
8.0 % | -1.6 % | 50 | -1 | 11.8 % | -0.4 pp | |
3.4 % | -9.0 % | 49 | 4 | 7.4 % | +0.6 pp | |
24.5 % | 9.0 % | 59 | 3 | 13.6 % | +0.5 pp | |
12.1 % | 0.4 % | 60 | 3 | 16.9 % | -2.2 pp | |
36.8 % | 2.5 % | 78 | 17 | 17.9 % | +2.9 pp | |
12.2 % | 1.6 % | 68 | 4 | 11.6 % | +1.7 pp | |
41.5 % | 16.3 % | 63 | 9 | 15.5 % | +0.7 pp | |
26.3 % | -7.1 % | 63 | 9 | 9.0 % | +1.5 pp | |
13.4 % | 11.2 % | 51 | 3 | 15.3 % | -2.7 pp | |
18.5 % | -10.2 % | 73 | 10 | 15.5 % | -3.0 pp | |
45.4 % | 11.3 % | 79 | 18 | 14.7 % | +0.7 pp | |
6.0 % | -16.0 % | 45 | 1 | 11.6 % | -3.1 pp | |
8.0 % | 0.5 % | 59 | 5 | 10.1 % | -0.3 pp | |
17.1 % | 3.6 % | 66 | 22 | 11.9 % | -3.1 pp | |
12.4 % | -11.6 % | 83 | 6 | 12.3 % | -0.3 pp | |
0.3 % | 6.4 % | 73 | 2 | 4.6 % | -1.3 pp | |
28.4 % | -4.1 % | 58 | 0 | 15.2 % | -2.6 pp | |
42.4 % | -8.5 % | 80 | 22 | 17.0 % | +0.4 pp | |
6.4 % | -5.9 % | 57 | 1 | 10.9 % | -1.1 pp | |
32.8 % | 5.2 % | 66 | 13 | 21.2 % | +0.3 pp | |
14.4 % | -10.0 % | 69 | 3 | 12.2 % | -1.0 pp | |
13.0 % | -6.7 % | 80 | 14 | 20.8 % | +8.7 pp | |
4.3 % | -9.2 % | 49 | 4 | 16.6 % | +7.8 pp | |
27.0 % | -1.8 % | 70 | 7 | 11.6 % | +0.7 pp | |
10.1 % | 2.2 % | 54 | 0 | 10.5 % | +1.5 pp | |
32.8 % | -1.9 % | 66 | 7 | 11.1 % | +0.4 pp | |
1.4 % | -27.6 % | 56 | 21 | 3.9 % | -5.9 pp | |
22.1 % | -8.2 % | 62 | 10 | 11.8 % | +0.9 pp | |
16.1 % | 3.8 % | 74 | 6 | 17.7 % | -0.8 pp | |
41.2 % | 0.0 % | 55 | 11 | 10.9 % | +0.2 pp | |
14.0 % | -3.6 % | 64 | 6 | 7.9 % | +0.4 pp | |
-1.0 % | -18.5 % | 50 | 7 | 7.2 % | +1.1 pp | |
18.1 % | -7.4 % | 63 | 6 | 10.5 % | +1.2 pp | |
9.6 % | -3.2 % | 58 | 5 | 12.9 % | +1.4 pp | |
27.0 % | 8.0 % | 72 | 15 | 19.6 % | -0.2 pp | |
17.7 % | 16.9 % | 47 | 2 | 14.4 % | -3.2 pp | |
19.9 % | -3.5 % | 50 | 0 | 10.8 % | +1.0 pp |
Methodology
Realtor.com® housing data as of December 2024. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com®; new construction is excluded unless listed via an MLS that provides listing data to Realtor.com®. Realtor.com® data history goes back to July 2016. The 50 largest
About Realtor.com®
Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®.
Media contact: Asees Singh, press@realtor.com
View original content:https://www.prnewswire.com/news-releases/holiday-slowdown-arrives-in-december-with-some-silver-linings-for-buyers-302344836.html
SOURCE Realtor.com
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