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