1827 ET - U.S. home sales in December were up 13.3% from December 2023, the eight month of 2024 to surpass 2023 sales, RE/MAX Holdings said in its housing report for the month. New listing rose 7.7% in December from the year-ago period, in contrast to declines in the past two Decembers, the report said. Homes saw a median sales price of $427,000, above December 2023's $402,000 but about $3,000 less than in November, according to RE/MAX. Erik Carlson, the company's chief executive officer, said 2024 showed some modest improvements in housing inventory, and added while affordability remains a challenge for many buyers, demand persists. (stephen.nakrosis@wsj.com)
(END) Dow Jones Newswires
January 16, 2025 18:37 ET (23:37 GMT)
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