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December 2010: Housing Market Update from Altos Research

 Highlights from this month's report:

  • The Altos 10-City Composite is now at $456,454, off 0.45% from last month.
  • 23 of the 26 major markets tracked by Altos showed price decreases, with the steepest declines seen in Washington, DC (down 3.41%), San Diego (down 3.07%), and Salt Lake City (down 2.63%), respectively.
  • The December housing market begins with a continuation of the seasonal price and inventory declines, with asking prices down by 0.45% this month and active inventory down by 3.16%.
  • Watch the third week of January before the first inklings of seasonal demand up-tick become visible.

Download a copy of this month's report here.  (Yep - it's free. Registration required.)

Click here for reports from previous months.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.