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by Nate Martinez

June 2018 RE/MAX National Housing Report

We’re already halfway through 2018 and the housing prices are at record highs, while inventory is at record lows and home sales are trailing 2017’s pace, according to the RE/MAX National Housing Report. June sales were 5.5 percent lower than June 2017 in the fifty-four metro areas surveyed, marking the seventh consecutive month of year-over-year declines.

Headed in the opposite direction, the June Median Sales Price of $258,500 was an all-time high in the nine-year history of the report. It was 5.1 percent higher than the $245,000 recorded last June, bringing the consecutive months of year-over-year price increases to 27. In each of the previous five years – going back to June 2013’s $193,750 – June has posted the highest Median Sales Price of the year.

Forty-two of the fifty-four metro areas reported a year-over-year drop in inventory. That years-long trend is reflected in Months Supply of Inventory dropping to 2.7 – down 8.8 percent year-over-year and the smallest figure ever recorded for June. Fewer houses for sale generally results in a faster process: Homes sold in June averaged just forty-two Days on Market – five days less than June 2017 and three days under the previous nine-year low of forty-five days.

“Year-over-year prices have been climbing for more than two years now, which is great news for homeowners and sellers,” said RE/MAX CEO Adam Contos. “In the hottest markets, demand is especially high because there simply aren’t that many homes for sale. The slower sales figures we’re seeing are tied to inventory more than anything else. Lack of inventory has become a theme for the year. Having fewer homes to choose from poses a challenge for buyers, who need to be ready to act decisively and quickly. Working with a full-time, professional RE/MAX agent can prepare them for that.”

Visit: https://rem.ax/2phKHWT to access the housing report infographic, or click here to download your copy of the June 2018 RE/MAX National Housing Report. Looking to sell your Phoenix home or buy a home in Phoenix? Contact The Nate Martinez Team today! We offer unparalleled service to all clients in the Phoenix, Arizona real estate market. Your complete satisfaction with our service and representation is our number one priority!

With Appreciation,

Nate Martinez, RE/MAX Professionals
www.NatesHomes.com
www.NatesLuxuryHomes.com
602-430-5226
Nate@NatesHomes.com

 

 

February 2013 RE/MAX National Housing Report

by Nate Martinez

February 2013 RE/MAX National Housing Report

According to the RE/MAX National Housing Report, the selling season in 2012 started early and continued through the whole year. Now, the New Year is starting at levels even higher than last January.

The January RE/MAX National Housing Report shows the recovery continues with sales up 9.1percent and prices up 8.0 percent from January last year. Falling inventories are both a positive and negative factor for the recovery. They have pushed prices higher, which helps underwater homeowners, but have also created a shortage of homes for potential buyers. The inventory of homes for sale remains 28.9 percent below the levels seen in January 2012.

With fewer distressed properties and underwater homes, more home sellers in 2013 may be persuaded to place their homes on the market and move up. As the inventory issue works its way back to a traditional balance, the housing market should continue a robust recovery in 2013.

“We saw a strong start to 2012 last January, and this year is starting with an even higher number of sales and increased prices,” said Margaret Kelly, CEO of RE/MAX, LLC. “Such an impressive start to the new year is hopefully pointing to an even stronger performance for the entire year. Expect the 2013 housing market to continue the solid recovery that began one year ago.”

Click here to read the full RE/MAX National Housing Report for February.

Source: RE/MAX LLC

RE/MAX National Housing Report August 2012

by Nate Martinez

RE/MAX National Housing Report - August 2012

The RE/MAX National Housing Report follows the tend of every month this year, with increasing sales and increasing prices.  In this report, you can review important statistics and data which will keep you abreast of market trends.

"It's reassuring that both sales and price continue to rise higher on a yearly basis, indicating that this housing recovery is real," said Margaret Kelly, CEO of RE/MAX, LLC. "Overall, the picture is getting brighter each month, but what we need for a sustainable recovery is a turn-around in unemployment and better availability of mortgages, especially for higher priced homes." Click here to download the RE/MAX National Housing Report August 2012.

If you or someone you know is considering a move, now is a great time to get in the game. If you have a home to sell and previously believed it to be underwater, please give me a call. With inventory down and sales prices on the rise, you might be surprised what we can sell your home for today - Nate

www.NatesHomes.com or 602-942-7000

RE/MAX National Housing Report

by Nate Martinez
JUST RELEASED - Home sales and prices were both nearly the same as April in the May 2011 RE/MAX National Housing Report when compared to the same time last year. The month-to-month price change has seen a three month trend to the upside, up 3.7% in May, with closed transactions rising 3.3% higher in May over April. 



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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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