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RE/MAX NATIONAL HOUSING REPORT FOR DECEMBER 2024

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RE/MAX's December 2024 Housing Report shows continued market momentum with home sales up 13.3% compared to December 2023 and 4.4% above November 2024. The median sales price reached $427,000, marking a 6.2% increase from December 2023, though slightly down (-0.6%) from November.

Key findings include: homes took longer to sell with average Days on Market increasing to 54 days; inventory levels remained 22.0% higher year-over-year despite a 12.4% monthly decline; and new listings rose 7.5% compared to December 2023. Buyers paid 98% of asking prices, maintaining the same ratio as the previous year.

Notable market performers included Denver, which saw a 26.5% year-over-year increase in home sales, and Burlington, VT, which led new listings growth at 32.1%. The report covered 52 metro areas, with varying performance across regions, highlighting continued challenges in affordability despite persistent demand for homeownership.

Il Rapporto Immobiliare di RE/MAX di dicembre 2024 mostra un continuo slancio del mercato, con le vendite di case aumentate del 13,3% rispetto a dicembre 2023 e del 4,4% rispetto a novembre 2024. Il prezzo medio di vendita ha raggiunto $427,000, segnando un aumento del 6,2% rispetto a dicembre 2023, anche se leggermente in calo (-0,6%) rispetto a novembre.

I risultati chiave includono: le case hanno impiegato più tempo per essere vendute, con una media di Giorni sul Mercato che è aumentata a 54 giorni; i livelli di inventario sono rimasti superiori del 22,0% rispetto all'anno precedente, nonostante un calo mensile del 12,4%; e i nuovi annunci sono aumentati del 7,5% rispetto a dicembre 2023. Gli acquirenti hanno pagato il 98% dei prezzi richiesti, mantenendo lo stesso rapporto dell'anno precedente.

I performer di mercato più notevoli includono Denver, che ha registrato un aumento delle vendite di case del 26,5% anno su anno, e Burlington, VT, che ha guidato la crescita dei nuovi annunci con un 32,1%. Il rapporto ha coperto 52 aree metropolitane, con performance variabili tra le regioni, evidenziando le continue sfide in termini di accessibilità, nonostante la domanda persistente per la proprietà immobiliare.

El Informe de Vivienda de RE/MAX de diciembre de 2024 muestra un continuo impulso en el mercado, con un aumento del 13.3% en las ventas de viviendas en comparación con diciembre de 2023 y un 4.4% por encima de noviembre de 2024. El precio medio de venta alcanzó $427,000, marcando un aumento del 6.2% desde diciembre de 2023, aunque ligeramente por debajo (-0.6%) de noviembre.

Los hallazgos clave incluyen: las casas tardaron más en venderse, con un promedio de Días en el Mercado que aumentó a 54 días; los niveles de inventario se mantuvieron un 22.0% más altos año tras año a pesar de una caída mensual del 12.4%; y los nuevos listados aumentaron un 7.5% en comparación con diciembre de 2023. Los compradores pagaron el 98% de los precios solicitados, manteniendo la misma proporción que el año anterior.

Los destacados del mercado incluyeron Denver, que vio un aumento del 26.5% en las ventas de viviendas año tras año, y Burlington, VT, que lideró el crecimiento de nuevos listados con un 32.1%. El informe cubrió 52 áreas metropolitanas, con un rendimiento variable en las regiones, destacando los desafíos persistentes de asequibilidad a pesar de la demanda continua por la propiedad de vivienda.

RE/MAX 2024년 12월 주택 보고서는 2023년 12월과 비교하여 주택 판매가 13.3% 증가하고 2024년 11월보다 4.4% 증가하여 지속적인 시장 추진력을 보여줍니다. 중위 판매 가격은 $427,000에 도달하여 2023년 12월보다 6.2% 증가했지만 11월 대비 약간 감소(-0.6%)했습니다.

주요 발견 사항은 다음과 같습니다: 평균 시장 일수가 54일로 증가하여 주택 판매에 더 오랜 시간이 걸렸습니다; 재고 수준은 전년 대비 22.0% 높게 유지되었으며, 월별로는 12.4% 감소했습니다; 그리고 2023년 12월 대비 신규 리스팅이 7.5% 증가했습니다. 구매자들은 요청 가격의 98%를 지불하여 전년과 동일한 비율을 유지했습니다.

주목할 만한 시장 성장은 주택 판매가 전년 대비 26.5% 증가한 덴버와 신규 리스팅 성장률이 32.1%로 가장 높은 벌링턴, VT를 포함했습니다. 이 보고서는 52개 대도시 지역을 다루었으며, 지역에 따라 성과가 다르게 나타나, 지속적인 주택 소유 수요에도 불구하고 접근성 문제의 지속적인 어려움을 강조하고 있습니다.

Le Rapport de l'Immobilier de RE/MAX de décembre 2024 montre un élan continu sur le marché, avec les ventes de maisons en hausse de 13,3% par rapport à décembre 2023 et de 4,4% par rapport à novembre 2024. Le prix médian de vente a atteint $427,000, marquant une augmentation de 6,2% par rapport à décembre 2023, bien qu'il soit légèrement en baisse (-0,6%) par rapport à novembre.

Les points clés incluent : les maisons ont mis plus de temps à se vendre, avec une moyenne de Jours sur le Marché augmentée à 54 jours ; les niveaux de stock sont restés supérieurs de 22,0% d'une année sur l'autre malgré une baisse mensuelle de 12,4%; et les nouvelles annonces ont augmenté de 7,5% par rapport à décembre 2023. Les acheteurs ont payé 98% des prix demandés, maintenant le même ratio que l'année précédente.

Les performers notables du marché comprenaient Denver, qui a connu une augmentation de 26,5% des ventes de maisons d'une année sur l'autre, et Burlington, VT, qui a conduit la croissance des nouvelles annonces avec 32,1%. Le rapport a couvert 52 zones métropolitaines, avec des performances variées selon les régions, mettant en lumière les défis continus en matière d'accessibilité malgré une demande persistante pour la propriété.

Der Wohnungsbericht von RE/MAX für Dezember 2024 zeigt eine anhaltende Marktdynamik mit einem Anstieg der Immobilienverkäufe um 13,3% im Vergleich zu Dezember 2023 und um 4,4% über dem Niveau vom November 2024. Der Medianpreis für Verkäufe erreichte $427,000, was einem Anstieg von 6,2% im Vergleich zu Dezember 2023 entspricht, obwohl er leicht um (-0,6%) gegenüber November zurückging.

Wichtige Ergebnisse umfassen: Häuser benötigten länger für den Verkauf, da die durchschnittliche Tage auf dem Markt auf 54 Tage anstieg; die Bestandsniveaus blieben im Jahresvergleich um 22,0% höher, trotz eines monatlichen Rückgangs von 12,4%; und neue Angebote stiegen um 7,5% im Vergleich zu Dezember 2023. Käufer zahlten 98% der Angebotspreise und hielten das gleiche Verhältnis wie im Vorjahr.

Besonders bemerkenswerte Marktleistungen zeigten Denver, das einen Anstieg der Hausverkäufe um 26,5% im Jahresvergleich verzeichnete, sowie Burlington, VT, das das Wachstum neuer Angebote mit 32,1% anführte. Der Bericht deckte 52 Metropolregionen ab, deren Leistungen je nach Region variieren, und betont die anhaltenden Herausforderungen in Bezug auf die Erschwinglichkeit trotz einer anhaltenden Nachfrage nach Wohneigentum.

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December Continues Momentum, Marking Eighth Month of 2024 to Surpass 2023 Sales

DENVER , Jan. 16, 2025 /PRNewswire/ -- December became the eighth month of 2024 to top 2023, with home sales up 13.3% over December 2023 and 4.4% above November 2024. The number of homes for sale in the 52 metro markets surveyed remained 22.0% higher year over year but dropped 12.4% from November, reflecting seasonal trends. Additionally, new listings rose 7.5% year over year after a 24.9% drop from November, in contrast to declines in the past two Decembers.

With a median sales price of $427,000, December homes remained $25,000 (6.2%) more than December 2023's $402,000 but cost about $3,000 (-0.6%) less than in November. Homes also took a week longer to sell in December 2024 compared to December 2023 and November.

"Overall, 2024 showed some modest improvements in housing inventory," said RE/MAX Holdings, Inc. CEO Erik Carlson. "Affordability remains a challenge for many buyers, but demand persists as people continue to see the value of homeownership. Buyers should stay informed and act when the time is right for them."

The Denver, Colorado market nearly doubled the national average for year-over-year home sales, increasing 26.5%. Christine Dupont-Patz, broker/co-owner of RE/MAX Cherry Creek in Denver, said buyers monitored the market and prepared strategically.

"While winter is typically a slower time of year for Denver real estate, savvy buyers were out with the increased inventory, trying to get ahead of the spring buying season. Closings were up over 25% from December 2023, which could be a positive sign for the new year. With interest rates holding steady, buyers negotiated for more concessions and buy-downs to get into their dream homes." 

Other metrics of note:

  • Buyers paid 98% of the asking price in December – the same as December 2023 and 1% less than November.
  • Days on Market jumped to 54 days, a full week longer compared to one year and one month ago.
  • Months' Supply of Inventory was 3.0, up from 2.5 months one year ago, but the same as November.

Highlights and local market results for December include:

New Listings 
In the 52 metro areas surveyed in December 2024, the number of newly listed homes was up 7.5% compared to December 2023, and down 24.9% compared to November 2024. The markets with the biggest increase in year-over-year new listings percentage were Burlington, VT at +32.1%, Manchester, NH at +30.6%, and Las Vegas, NV at +30.2%. The markets with the biggest year-over-year decrease in new listings percentage were St. Louis, MO at -13.7%, Bozeman, MT at -12.6%, and Cleveland, OH at -10.4%.

New Listings:
5 Markets with the Biggest YoY Increase

Market

Dec 2024

Dec 2023

Year-over-Year %
Change

Burlington, VT

107

81

+32.1 %

Manchester, NH

192

147

+30.6 %

Las Vegas, NV

2,679

2,057

+30.2 %

Honolulu, HI

691

541

+27.7 %

Fayetteville, AR

802

635

+26.3 %

Closed Transactions 
Of the 52 metro areas surveyed in December 2024, the overall number of home sales was up 13.3% compared to December 2023, and up 4.4% compared to November 2024. The markets with the biggest increase in year-over-year sales percentages were Fayetteville, AR at +29.0%, Denver, CO at +26.5%, and Seattle, WA at +24.2%. The markets with the biggest decrease in year-over-year sales percentage were Manchester, NH at -13.8%, Hartford, CT at -2.0%, and Miami, FL at -0.5%.

Closed Transactions:
5 Markets with the Biggest YoY Increase

Market

Dec 2024

Dec 2023

Year-over-Year %
Change

Fayetteville, AR

913

708

+29.0 %

Denver, CO

3,149

2,489

+26.5 %

Seattle, WA

3,186

2,566

+24.2 %

San Diego, CA

1,809

1,458

+24.1 %

Providence, RI

1,174

949

+23.7 %

Median Sales Price – Median of 52 metro area prices
In December 2024, the median of all 52 metro area sales prices was $427,000, up 6.2% from December 2023, and down 0.6% compared to November 2024. The markets with the biggest year-over-year increase in median sales price were Dover, DE at +13.3%, Cleveland, OH at +13.1%, and Trenton, NJ and Detroit, MI tied at +11.1%. There was only one market that experienced a year-over-year decrease in median sales price: Bozeman, MT at -5.4%.

Median Sales Price:
5 Markets with the Biggest YoY Increase

Market

Dec 2024

Dec 2023

Year-over-Year % Change

Dover, DE

$350,000

$309,000

+13.3 %

Cleveland, OH

$236,875

$209,450

+13.1 %

Trenton, NJ

$450,000

$405,000

+11.1 %

Detroit, MI

$261,000

$235,000

+11.1 %

Chicago, IL

$330,000

$300,000

+10.0 %

Close-to-List Price Ratio – Average of 52 metro area prices
In December 2024, the average close-to-list price ratio of all 52 metro areas in the report was 98%, tied with December 2023, and down compared to 99% in November 2024. The close-to-list price ratio is calculated by the average value of the sales price divided by the list price for each transaction. When the number is above 100%, the home closed for more than the list price. If it's less than 100%, the home sold for less than the list price. The metro areas with the lowest close-to-list price ratio were Miami, FL at 93.5%, New Orleans, LA at 96.1%, and Tampa, FL at 96.6%. The metro areas with the highest close-to-list price ratios were Hartford, CT at 102.1%, San Francisco, CA at 101.5% and Trenton, NJ at 100.7%.

Close-to-List Price Ratio:
5 Markets with the Lowest Close-to-List Price Ratio

Market

Dec 2024

Dec 2023

Year-over-Year
Difference*

Miami, FL

93.5 %

94.7 %

-1.2 pp

New Orleans, LA

96.1 %

95.9 %

+0.2 pp

Tampa, FL

96.6 %

97.0 %

-0.4 pp

Houston, TX

96.8 %

97.0 %

-0.2 pp

Pittsburgh, PA

96.8 %

97.0 %

-0.1 pp

*Difference displayed as change in percentage points

Days on Market – Average of 52 metro areas
The average days on market for homes sold in December 2024 was 54, up seven days compared to the average in both December 2023 and November 2024. The metro areas with the highest days on market averages were Bozeman, MT at 113, Coeur d'Alene, ID at 90, and San Antonio, TX at 86. The lowest days on market were Baltimore, MD at 19, Philadelphia, PA and Washington, D.C. tied at 23, and Trenton, NJ at 26. Days on market is the number of days between when a home is first listed in an MLS and a sales contract is signed.

Days on Market:
5 Markets with the Highest Days on Market

Market

Dec 2024

Dec 2023

Year-over-Year %
Change

Bozeman, MT

113

65

+73.2 %

Coeur d'Alene, ID

90

94

-4.3 %

San Antonio, TX

86

75

+15.1 %

Fayetteville, AR

83

81

+2.5 %

Des Moines, IA

82

77

+6.1 %

Months' Supply of Inventory – Average of 52 metro areas
The number of homes for sale in December 2024 was up 22.0% from December 2023, and down 12.4% from November 2024. Based on the rate of home sales in December 2024, the months' supply of inventory was 3.0, up from 2.5 from December 2023, and flat compared to November 2024. In December 2024, the markets with the lowest months' supply of inventory were Seattle, WA at 1.0, Washington, D.C. at 1.1 and Trenton, NJ, Baltimore, MD, and Manchester, NH tied at 1.2. The markets with the highest months' supply of inventory were Miami, FL at 7.2, San Antonio, TX at 6.3, and Honolulu, HI at 5.8.

Months' Supply of Inventory:
5 Markets with the Lowest Months' Supply of Inventory

Market

Dec 2024

Dec 2023

Year-over-Year %
Change

Seattle, WA

1.0

0.9

+15.6 %

Washington, DC

1.1

1.1

+3.2 %

Trenton, NJ

1.2

0.7

+57.0 %

Baltimore, MD

1.2

1.2

+2.7 %

Manchester, NH

1.2

1.1

+14.4 %

About the RE/MAX Network
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in nearly 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit news.remax.com.

Report Details
The RE/MAX National Housing Report is distributed monthly on or about the 15th. The Report is based on MLS data for the stated month in 52 metropolitan areas, includes single-family residential property types, and is not annualized. For maximum representation, most of the largest metro areas in the country are represented, and an attempt is made to include at least one metro area in almost every state. Metro areas are defined by the Core Based Statistical Areas (CBSAs) established by the U.S. Office of Management and Budget.

Definitions
Closed Transactions are the total number of closed residential transactions during the given month. Months' Supply of Inventory is the total number of residential properties listed for sale at the end of the month (current inventory) divided by the number of sales contracts signed (pending listings) during the month. Where "pending" data is unavailable, an inferred pending status is calculated using closed transactions. Days on Market is the average number of days that pass from the time a property is listed until the property goes under contract. Median Sales Price for a metro area is the median sales price for closed transactions in that metro area.  The nationwide Median Sales Price is calculated at the nationwide aggregate level using all sale prices from the included metro areas.  The Close-to-List Price Ratio is the average value of the sales price divided by the list price for each closed transaction.

MLS data is provided by Seventy3, LLC, a RE/MAX Holdings company. While MLS data is believed to be reliable, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Every month, the previous period's data is updated to ensure accuracy over time. Raw data remains the intellectual property of each local MLS organization.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/remax-national-housing-report-for-december-2024-302353604.html

SOURCE RE/MAX, LLC

FAQ

What was RE/MAX (RMAX) December 2024 median home sales price?

The median home sales price in December 2024 was $427,000, representing a 6.2% increase from December 2023's $402,000, but a slight decrease of 0.6% from November 2024.

How did home sales perform in December 2024 compared to 2023?

Home sales in December 2024 increased by 13.3% compared to December 2023 and were up 4.4% from November 2024, marking the eighth month of 2024 to surpass 2023 sales.

Which RE/MAX markets showed the strongest sales growth in December 2024?

Fayetteville, AR led with a 29.0% increase, followed by Denver, CO at 26.5%, and Seattle, WA at 24.2% year-over-year sales growth.

What was the average Days on Market for RE/MAX properties in December 2024?

The average Days on Market in December 2024 was 54 days, increasing by seven days compared to both December 2023 and November 2024.

How did RE/MAX new listings perform in December 2024?

New listings increased by 7.5% compared to December 2023, though they decreased by 24.9% from November 2024, with Burlington, VT showing the highest year-over-year increase at 32.1%.

What was the Months' Supply of Inventory for RE/MAX in December 2024?

The Months' Supply of Inventory was 3.0 months in December 2024, up from 2.5 months in December 2023, and unchanged from November 2024.

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