RE/MAX National Housing Report November 2014 

According to the November 2014, National Housing Report from RE/MAX, October marks the second consecutive month in 2014 with home sales higher than one year ago. Following the normal fall seasonal trend, October home sales were 0.8% lower than sales in September, but 2.6 percent higher than the level of sales in October 2013.

“Home sales in 2014 started the year slowly and then rose to equal the strong sales in 2013. They’ve now surpassed last year’s levels for two months in a row. Following usual seasonal trends and with prices rising at a reasonable rate, the market appears to be settling into a more sustainable growth pattern.” Margaret Kelly, RE/MAX, LLC CEO

The Median Sales Price of all homes sold in the 53 metropolitan areas surveyed in October was $193,000, which was 7.4 percent higher than the median price last October. Home prices in October followed the 2014 pattern of steady growth, but at a slower rate than the double-digit increases seen in 2013. To view the full National Housing Report from RE/MAX, click here.

For more information on your home’s value, please visit me at:

Nate Martinez, RE/MAX Professionals

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