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89% of REALTORS® Report Rising Prices in December

Home prices are generally still rising. About 89 percent of REALTORS® who responded to NAR’s monthly survey reported constant or rising prices (87 percent in November). Healthy demand, the drop in distressed sales, and low although improving inventory levels have supported the price growth. See the December REALTORS® Confidence Index Survey report for more information.

Approximately 11 percent of reported sales were of properties that sold at a net premium to the original listing price. In mid-2013, about 20 percent of REALTORS® reported selling properties at a premium.