Home values are at an all-time high and the National Association of Realtors®® Holiday Home Price Index® continues to be the most widely-used home-price index.
Here’s what you need to know about the holiday homes that are going up for sale and what they’re worth.
What are the latest holiday home sales?
Home sales for the year ended Dec. 31, 2018, were up 10.1% compared to the previous year, according to the NARHH Holiday Home Prices Index.
This includes the number of holiday homes listed on the National Realtor® Association’s holiday home listings website.
This year’s holiday season is not over, however, with prices continuing to soar.
The average home price of $829,000 was up 9.3% from last year, while the median home price was $710,000, up 1.5%.
Home prices have been on a tear since the financial crisis and are expected to continue to climb this year.
For the first time since 2008, home values rose at a slower pace in 2018 compared to 2019, according a NARO survey.
However, home sales have slowed since then, and the NBR® Holiday Homes Index has shown a decline.
The median sale price of a home sold in 2018 was $942,500, according the NBA Holiday Homes Price Index.
That’s up from $900,000 in 2017, and a record high.
Home sales are up 2.9% over 2017 and are up 4.5% over 2018.
The NBR Holiday Homes Listing Index shows home sales increased for the fourth consecutive year in the third quarter of 2018, up 8.1%.
This compares to a 3.5-year average.
The index shows a decline from 1.2% to 1.0%.
The index has shown an average of a decline of 2.2 percentage points since the index was launched in 2018.
The median sale prices for 2018 were up 3.3%.
Average sales prices for the 10 largest U.S. metropolitan areas are up 11.7% in 2018, according that NARD Holiday Home Sales Index.
The number of markets listed on these listings sites increased by 23.1%, with four markets seeing an increase in their average sales price.
Market growth has slowed since the last holiday season in 2019, when the index saw a 12.9-percent gain.
The markets with the largest growth are on the West Coast (up 2.3%), the Midwest (up 1.6%), and the Northeast (up 0.7%).
The number of new holiday homes added to the market in 2018 exceeded the number added in 2017 for the first and only time in NARI’s history, according NAR Homes.
NAR’s National Holiday Home Inventory Survey shows that the number on the market has increased for every year since 2000.
This year, there were more holiday homes available for sale in 2017 than in any other year since 1998, according Nielsen.
Holiday sales were up 7.3%, from 9.9 million homes in 2017 to 10.3 million homes.
In 2017, there was a 7.7 percent increase in the number in homes available to purchase, and in 2018 that number increased to 10 percent.
Home prices are still at record highs.
In the first quarter of 2019, home prices were up 2 percent over the previous quarter.
This compares with a 6.4 percent increase for the same quarter in 2018 and a 2.7-percent increase for 2017.
The NBR home-buying index has been consistently climbing in the first half of the year, but it has slowed as the holidays approach.
The first quarter is often a time of high demand for holiday homes.
This means that there is more inventory available to sell, meaning prices are likely to increase.
The number and percentage of people who were employed in December 2017 was 9.7%, up from 9 percent in the previous December, according National Association for Housing Finance.
The employment rate increased to 9.8 percent, the highest it has been since the third week of the last month.
This is the highest employment rate in the history of the U.N. Housing Bureau® and the third highest employment-to-population ratio since the late 1970s.
The rate is also the highest rate of job growth in the past three years.
The unemployment rate, which includes people who are unemployed, has been steadily declining since the start of the downturn.
This report includes information from the Federal Reserve Bank of St. Louis.
For a full list of NAR home-property-price indexes, go to the National Mortgage Association.
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