Reports on home sales in December are just starting to be released, here’s what’s available so far:
1. Baltimore – December home sales increased by 13% from last year, median sales price was up 7%.
2. Nashville – December home sales increased by 21.1%, median price by 11.5%.
3. Tampa Bay – December home sales increased 18% over last year, while the median price increased 12%.
4. Massachusetts – Pending sales in December increased by 15.6% compared to last year.
5. Dallas-Ft. Worth – Home sales in 2012 were the highest since 2008, and December sales increased by 10% vs. last year, while the median price increased 9%.
6. Seattle area – The median sales price increased by 18.8% in December from a year earlier, while the supply of homes for sale fell to only 1.7 months at the current sales pace.
Bottom Line: When double-digit increases in both home sales and median home prices start to become increasingly common around the country, I think it’s pretty hard to deny that we’ve got a robust housing recovery underway in the US, but make your best case in the comments section if you feel otherwise.