Fewer homes than ever were for sale nationally in December, driving seasonally-adjusted home sales down 3.6%, according to real estate brokerage Redfin's home sales report.

This marks the largest month-over-month sales decline since May 2020. Home prices surged 15% from a year earlier, the 17th consecutive month of double-digit increases.

However, the wild housing market did not take a break for the holidays in some markets, according to the report.

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