2013 Home Sales Strongest In 7 Years

2013 Home Sales Strongest In 7 Years

Home sales in December 2013 went up, closing the 2013 year with the highest amount of home sales since 2006.

There were 5.09 million home sales throughout all of 2013, which is a 9.1% higher increase from 2012. Housing has been steadily recovering over the past two years. Home sales have risen almost 20% since 2011.

The median home price for all housing types in December 2013 was 9.9% higher than those in December 2012. Home sales of foreclosures and short sales made up 14% of total home sales in December 2013, whereas in December 2012 it made up 24%.

The average time that homes were on the market increased in December due to the extreme weather throughout the U.S. but overall the housing market is making a good recovery in comparison to the past few years.