RE/MAX National Housing Report - August 2014

While 2014 sales have not been rising as rapidly as sales in 2013, this year remains well above the sales of the same period in 2012. Home prices continue to rise, but at a slower rate than in 2013. July home prices were 7.9 percent higher than prices last July.

“After a slow start to the year, 2014 home sales have been improving. Sales are following the expected seasonal pattern and are approaching the levels we saw last year.  As inventory continues to build the recovery continues at a more stable and sustainable rate.” Margaret Kelly, RE/MAX CEO.

On a year-over-year basis, the Median Sales Price has now risen for 30 consecutive months. Because inventory is improving, home prices are not rising as rapidly as last year, when the July Median Sales Price rose 11.5 percent. Among the 52 metro areas surveyed, 44 reported higher sales prices than one year ago. Click here to view the full National Housing report for August 2014.

If you or someone you know is interested in learning more about property values, please give me a call today. Nate


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