December U.S. home-sales, as reported by Redfin, skyrocketed by 6.9% year-over-year with a median price of $312,500. This represented the fifth consecutive month of increases, and a jump of 1.0% from November on a seasonally-adjusted basis. House, Home, Sold, Brick, For Sale

In its press release Redfin stated, “Home prices were also up 1.1% month over month on a seasonally-adjusted basis, the largest increase since February 2018.”

The agency attributed the jump to low interest rates, increased buyer demand and a strong economic climate.

It appears that a great deal of buyer demand came in the most affordable areas. Three of those areas cited in the release were, Memphis (median price $190,000, up 15.9%), Camden, NJ ($195,000, +14.7%) and Cincinnati ($187,000, +14.4%).

Another metric showing in the results reveals that of the 85 largest regions that the Redfin report covers, only two reported year-over-year decreases: New York City and San Francisco. New York has recently been in a slump due to the limitations placed on tax deductability and  the new mansion tax in NYC.

Some other meaningful facts to track were:
The number of all homes for sale 646,800 down 14.9% Y-O-Y
Median DOM 50 down 2 Y-O-Y
Months supply 2.6