RE/MAX National Housing Report for October

According to RE/MAX’s National Housing Report for October, home sales reached a higher level than this time one year ago. Following an expected seasonal trend, September home sales were 10.4 percent lower than sales in August. However, sales pushed past the mark set in September 2013 by 0.9 percent.

“It’s significant that September was the first month this year to see higher sales than last year. This demonstrates that there are interested buyers and the market is strong enough to rival last year’s brisk sales. While the change of seasons usually sees reduced sales, it’s good to see that home prices continue to rise at a more sustainable rate.” Margaret Kelly, RE/MAX, LLC CEO.

Sales throughout 2014 remained just below those in 2013, but finally in September sales inched above those one year ago. The Median Sales Price of all homes sold in the 52 metropolitan areas surveyed in September was $195,000, which was 5.4 percent higher than the median price last September. To read the full National Housing Report for October, click here. To find out property values on your Arizona home, visit me at: http://www.valuemyarizonahome.com.

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