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RE/MAX National Housing Report July 2012

by Nate Martinez

RE/MAX National Housing Report July 2012
The June RE/MAX National Housing report shows that the housing recovery is for real. On a year-to-year basis, the home sales have now risen for twelve months straight and prices have inched higher for the past five months.

Increased consumer confidence, historically low mortgage rates and attractive pricing are some of the factors that are drawing buyers and sellers back into the real estate market. On our team, we have taken more traditional listings so far this year than we have in the last two years combined. Available homes for sale dropped 5.0% from May and 27.4% from June 2011. This declining inventory has created a seller's market in many areas with multiple offers.

"Although the housing market has a long way to go to make a full recovery, all signs now show that it's on the right path and has improved every month so far this year," said Margaret Kelly, COE of RE/MAX LLc. "This selling season is the best in years, and those who thougth that the positive trends would quickly correct have been proven wrong, because many consumers again feel comfortable buying or selling a home."

Click here to read the full RE/MAX National Housing Report for July 2012. If you or someone you know is considering a move, please give me a call today.

RE/MAX National Housing Report

by Nate Martinez

RE/MAX National Housing Report

While sales in November of 2011 followed the usual seasonal trend, December sales surprisely were on the rise by 5.7%. This is the 6th consecutive month that home sales were higher than the same month in the previous year.  

“We’re pleasantly surprised to see the year end with such strong sales, and hope this trend will continue into the traditional spring selling season,” said Margaret Kelly, CEO of RE/MAX, LLC. "This December jump may be due to increased investor involvement and transactions that were scheduled to occur before the end of the year, but with prices at or very near the bottom and historically low interest rates, consumers are finding real value in this market."

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Nate Martinez
RE/MAX Professionals
20241 North 67th Avenue, Suite A1
Glendale AZ 85308
623-643-1010
602-430-5226
Fax: 602-532-7352

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