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Monday, August 26, 2019
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December Single-Family Home Sales Statistical Highlights

December Download: Median Home Sale Prices Up, Inventory Likely to Improve in 2019

2018 Ends on a High Note with December Residential Home Prices Increasing by 2.8%

Real Estate Market Commentary for December 2018:

Home prices were consistently up again in most markets in 2018 but at reduced levels compared to recent years. High demand for few homes for sale fueled price increases, but evidence is mounting that inventory will finally improve in 2019. This may apply some downward pressure on prices for beleaguered home buyers. A fourth interest rate hike by the Federal Reserve in 2018 spooked the stock market to close out the year. The Fed has indicated that the number of rate increases in 2019 will be halved, which may be of little comfort to an already compressed consumer.

Unemployment rates remained remarkably low again in 2018, and wages continued to improve for many U.S. households. It is generally good for all parties involved in real estate transactions when wages grow, but the percentage of increase, on average, has not kept pace with home price increases. This created an affordability crux in the second half of 2018. Housing affordability will remain an important storyline in 2019.

Single-Family Real Estate Quick Comparisons - December 2018:

  • Days on Market decreased by one (1) day overall in December from 45 in 2017 to 44 in 2018.
  • There was an average of 5 showings per listing across the entire MLS during December of 2018, which was down only slightly from December 2017.
  • 3.5% Residential and Condo On-Market listings are flagged as “lender mediated”. These listings include foreclosures and those marked as short sales. This percentage is down by 1.5% based on the recalculated percentage for December 2017, which is 5.0%. The M-O-M percentage increased by .3%, which was 3.2% in November.

December Five (5) Year All-MLS Median Sale Price Trend for Res & Condo Sales


January 2019

January 2019

Planning to Show a Property that has a New Sentrilock Electronic Lockbox on It?

Planning to Show a Property that has a New Sentrilock Electronic Lockbox on It?

Realcomp REALTORS’ Usage of LoneWolf’s TransactionDesk Module Rose 9% in 2018

Realcomp REALTORS’ Usage of LoneWolf’s TransactionDesk Module Rose 9% in 2018

Excelerate America’s Next 30-Day Challenge: Email Marketing

Excelerate America’s Next 30-Day Challenge: Email Marketing

Data Sharing through CoreLogic’s Data Co-op Expands to Include the Houston Association of REALTORS® (HAR)

Data Sharing through CoreLogic’s Data Co-op Expands to Include the Houston Association of REALTORS® (HAR)

New WAV Group Study Reveals CRM Usage is Key to Driving Sustainable Broker Profitability

New WAV Group Study Reveals CRM Usage is Key to Driving Sustainable Broker Profitability

December Single-Family Home Sales Statistical Highlights

December Single-Family Home Sales Statistical Highlights

How to Use Images from Google Earth Pro While Complying with their Copyright Requirements

How to Use Images from Google Earth Pro While Complying with their Copyright Requirements

Classic Version of Cloud CMA Retired

Classic Version of Cloud CMA Retired

Important January ELB Updates

Important January 2019 Electronic Lockbox System Updates

RCO3 Upgrade for SentriLock Integration

RCO3 Upgrade for SentriLock Integration

Motions Approved by Realcomp’s Board of Governors in November 2018

Motions Approved by Realcomp’s Board of Governors in November 2018

Economic Forecast 2019: Good, But Not as Good as 2018, by Elliot Eisenberg, President of GraphsandLaughs, LLC

January 2019 Economic Forecast by Elliot Eisenberg, President of GraphsandLaughs, LLC,

Find Your Next Listing with These Geographic Farming Tactics by RETechnology

Find Your Next Listing with These Geographic Farming Tactics by RETechnology

Great Apps Available to Realcomp REALTORS®

Great Apps Available to Realcomp REALTORS

Lonewolf Document Review Broker Tool & Process Improved

Lonewolf Document Review Broker Tool & Process Improved

Last Modified: Tuesday, January 15, 2019