RE/MAX April 2018 National Housing Report: March 2018 Housing Data
The RE/MAX National Housing Report for April 2018: "Rising Prices, Fewer Sales Driven by Record-Breaking Low Inventory" was this month's headline. As the report stated: "If you are looking for a new home, chances are you’re not finding many homes on the market. If you’re a seller, you have likely noticed the value of your home is rising — no matter what part of the country you live in.When the Months Supply of Inventory falls below six months, it’s a seller’s market, and all 54 metro areas surveyed for the monthly housing reported under six months … (38 comments)
RE/MAX January 2018 National Housing Report: December 2017 Housing Data
The RE/MAX National Housing Report for January 2018: "2017 Closes Strong With Record High December Home Prices" was this month's headline. While sales dropped slightly from one year ago, December capped off 2017 with record home prices, speedy sales and low inventory.
To quote Adam Contos, RE/MAX Co-CEO: “We see the median sales price of homes across the country rising every month, year-over-year, but the days on market and the supply of homes for sale hit record lows in December. If inventory keeps getting tighter across the country it’ll be interesting to see how it might affect sales.”
RE/MAX December 2017 National Housing Report: November 2017 Housing Data
The RE/MAX National Housing Report for December 2017: "Sales Up Despite Years of Rising Prices, Falling Inventory" was this month's headline. November became the sixth month of 2017 to post an increase in year-over-year home sales, bucking prolonged trends of home price increases and inventory declines, according to the RE/MAX National Housing Report.
To quote Adam Contos, RE/MAX Co-CEO: “The end of the year is typically a slower selling season with low inventory, but our numbers are telling a different story. We don’t see any sign of home buyers slowing down their house hunting. In fact, many are taking advantage … (26 comments)
RE/MAX November 2017 National Housing Report: October 2017 Housing Data
The RE/MAX National Housing Report for November 2017: "Nationwide Seller’s Market Reigns as Home Prices Climb" was this month's headline. Despite record low inventory for the month, October home sales increased 2.5% year-over-year and kept 2017 prices ahead of 2016, according to the RE/MAX National Housing Report.
To quote Adam Contos, RE/MAX Co-CEO: “The housing market is steady and at least somewhat predictable with record-low inventory and increasing prices in markets across the country. With job growth and increased household formation, buyers will struggle and may even be priced out of the market until home building catches up.”
Many regions across the nation are suffering from a severe lack of housing inventory -- and that includes the Charlotte metro region. June 2017 saw the 25th consecutive month of inventory declines nationally... this, in turn, has resulted in increased home prices (now 64 consecutive months of year-over-year price increases). Lack of inventory and higher home prices have impacted affordability and availabilty for many home buyers, resulting in flat, if not lower, closed sales, as the infographic below clearly indicates.
On the good news front, mortgage rates remain low... so this is a good time to buy and lock in your payment for … (28 comments)
RE/MAX July 2017 National Housing Report: June 2017 Housing Data
The RE/MAX National Housing Report for July 2017: "First Half of 2017 Ends with Record Sales, Prices" was this month's headline.
According to the July 2017 National Housing Report From Re/MAX: "Halfway through 2017, the U.S. housing market is on pace for another record year as four of the last six months have topped same month sales from 2016" was the story of the month.
To quote Adam Contos, RE/MAX Co-CEO: “Sellers continue to benefit from limited inventory, getting top-dollar for their homes, and as a result, overall sales are at a record high. But buyers shouldn’t be discouraged. … (8 comments)
RE/MAX June 2017 National Housing Report: May 2017 Housing Data
The RE/MAX National Housing Report for June 2017: "May's brisk home sales set post-recession records," was the story of the month.
According to the June 2017 National Housing Report From Re/MAX: "After a brief dip in April home sales, the U.S. housing market returned to seasonally high sales in May, increasing 20.6% from the previous month and 4.3% from May 2016," was the story of the month.
To quote Adam Contos, RE/MAX Co-CEO: “In May, we saw an uptick of both loan applications and home sales, which is encouraging in terms of more people getting into the market for homes. We don’t … (14 comments)
The RE/MAX National Housing Report for September 2016: August 2016 showed a reversal of July's declines, with home sales increasing 5.1% (sales up in 41 of the 53 metro markets that RE/MAX follows) and with median sale prices also increasing 5.1%. Through August, seven of the eight months of 2016 showed a year-over-year increase in sales nationally.
To quote Dave Liniger, Chairman and CEO of RE/MAX: “August’s nearly 6% sales increase over last year is providing a strong finish for the summer home selling and buying season. While July saw a decline, August built upon the trends in the spring and … (5 comments)
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