2016 Annual Wrap-Up: Home Prices Reach Record High and Home Sales Reach 11-year High

The big story of 2016 was twofold: the median sales price reached an all-time high; while closed sales reached an 11-year high. Closed sales nearly broke their all-time record, but fell 0.3 percent short of their all-time 2004 high. Seller activity declined 1.1 percent. Near-record sales activity combined with flat-to-weaker seller activity created a supply … Continue reading 2016 Annual Wrap-Up: Home Prices Reach Record High and Home Sales Reach 11-year High