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In December 2024, the U.S. real estate market experienced a notable increase in the number of homes listed for sale, offering buyers more options to choose from. Statistics show a sharp rise in active listings, especially in major cities.
According to housing market trends for December, the total number of homes listed for sale nationwide rose by 22% compared to December of the previous year. Among the 50 largest U.S. cities, the most significant growth in listings was observed in Miami (45.4%), San Diego (42.4%), and Denver (41.9%).
December is traditionally marked by reduced activity in the real estate market due to holiday preparations, with a similar slowdown typically occurring in January. This year, fluctuating mortgage rates hovering around 6%—significantly different from last year’s levels—further influenced the market. However, this did not prevent an increase in listings. The growing market activity and its slower pace may create favorable conditions for buyers aiming to avoid the competition expected in spring.
Despite the increase in active listings, property prices continue to rise. In December 2024, the average price per square foot increased by 1.3% compared to the previous year. In some cities, such as Cleveland (13.9%), Hartford, Connecticut (12.9%), and Milwaukee (8.5%), price growth was significantly higher.
The U.S. real estate market remains active despite the seasonal December slowdown and fluctuating mortgage rates. The rise in housing listings and the ongoing price growth create unique conditions for buyers and investors, setting the stage for a more dynamic market in the spring season.
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