US Existing Home Sales Surged +5.1% MoM In December (Median Home Sales Price Declining Along With Mortgage Rates)

The US housing market is showing signs of improvement!

US existing home sales surged +5.1% MoM in December, to an annualized rate of 4.35 million, the highest since March 2023.

This marks the 4th consecutive month of growth and the strongest monthly gain since February 2023.

However, sales remain -2.51 million or -37% below the 2020 peak levels.

For the full year, there were 4.06 million existing home sales, unchanged from 2024.

Meanwhile, the median home sales price rose +0.4% YoY, to $405,400, a record high for any December. But mortgage rates have been declining.