As we dive into 2025, let’s look at some fascinating trends from December’s housing market data that might surprise you!

Did You Know?

• Home sales jumped 9.3% compared to December 2023, showing three straight months of year-over-year growth.
• The median home price reached $404,400 in December, up 6% from last year.
• Luxury homes are leading the charge – sales of homes over $1 million surged 35% from last year.

First-Time Buyers Making Moves Good News For New Homeowners!

First-time buyers made up 31% of December sales, showing an uptick from both the previous month and year. This is particularly noteworthy since 2024’s annual average for first-time buyers hit a historic low of 24%.

Regional Spotlight: Western Markets

Our region saw some particularly interesting movement:

• Sales in the West increased 2.6% in December
• Year-over-year sales jumped an impressive 12.9%
• Median price in the Western region: $614,500

What Does This Mean for You?

Whether you’re buying or selling, these numbers tell an important story: despite higher mortgage rates, the market is showing resilience and steady growth. With inventory levels shifting and prices stabilizing in many areas, early 2025 could present some unique opportunities.

Want To Know What These Trends Mean For Your Specific Situation?

Let’s chat! Our Windermere agents are here to help you navigate the market with confidence.

Source: Nar