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2017 in Review: Housing Market Superlatives

The calendar may have turned to 2018 yesterday, but with one month of 2017 data remaining, here’s a look at some of the top housing highlights from last year:

Strongest existing-home sales pace
November: 5.81 million

Slowest existing-home sales pace 
August: 5:35 million

Most likely to be happy
Home sellers: sales prices consistently rose around 5 percent (YoY) each month

Most likely to be frustrated 
Prospective first-time buyers: 32% sales share (unchanged from 2016 and down from historical average of around 40%)

Fastest month to sell a home 
May: 27 days

Most expensive housing market *
San Jose-Sunnyvale-Santa Clara, California: $1,165,000

Least expensive housing market * 
Decatur, Illinois, $86,300

Quickest home-price appreciation *
San Jose-Sunnyvale-Santa Clara, California: 16.5%

Slowest home-price appreciation * 
Fon du Lac, Wisconsin: 0.3%

* by metro area, as of Q3