Dwindling Inventory Drove Atypical December Price Growth

While home inventory was high on buyers’ wish list in December, Santa didn’t come through. As 2013 came to a close, the total number of homes for sale slipped 14.2 percent across 19 Redfin markets, sustaining buyer frustrations about their limited choices. The increasing scarcity of homes combined with rising sales triggered an unseasonable boost in December prices of 0.8 percent. Read More