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Lack of inventory cited as December 2021 home sales fall 3.6% from November and 11% from last year.
Company says January is shaping up to be the most competitive month in housing history.
Homebuyer demand is following the typical season patterns, starting slow as the year winds down.
Throughout the month of November, active listings fell 23% from 2020 and 42% from 2019.
The unseasonable surge in home prices appears to be drawing in more sellers.
Overall, the housing market experienced it’s typical seasonal cooling in October, but relief from homebuyers may be short-lived as pending home sales rose 3% from September.
