RE/MAX Holdings, Inc. announced sales results for the month and year to date ended December 2019. For December, the company posted a record finish to a year and a decade, with a year-over-year increase in home sales of 13.5% in the 54 metro areas covered by the report. That was the highest increase of any month in 2019, and the highest for the month of December since 2009.

For the year to date, the company also posting a record was the inventory decline of 14.5% year-over-year, accompanied by corresponding drops in Months Supply of Inventory – 3.3 versus 4.8 a year earlier – and Days on Market – 54 compared to 55 a year ago. Year-over-year, sales were up five months in 2019, with the majority occurring in the back half of the year. Inventory, meanwhile, grew year-over-year in each of the first six months, then shrunk in each of the last six months.

The company expects sales to continue at a solid pace into the first part of this year.