Existing-home sales declined in December, snapping a streak of three straight months of gains, with sales falling in each of the four regions of the U.S. Despite the drop, overall sales for 2021 were up 8.5%.
Each of the four major U.S. regions witnessed contract transactions decline month-over-month. Year-over-year activity mostly retreated too, as three regions reported drops and only the Midwest saw an increase.
Three of the four major U.S. regions reported growth in monthly sales, while the fourth region held steady in November. From a year-over-year perspective, only one region experienced a rise in sales as the three others saw home sales decline.