The National Housing Report from RE/MAX for September tells us that while inventory is on the rise, the recovery continues and there is more and more stability in the housing economy.

While 2014 sales have not been on the rise as rapidly as the sales in 2013, this remains well above the sales of the same period in 2013.

“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.

Of the last few months, we have seen a month-over-month increase in inventory. Based on the rate of home sales in July, and the increase of homes for sale, there was an increase of 4.3 month’s of inventory – where a supply of 6 month’s indicates a market balanced equally between buyers and sellers. To learn more about property values in our area, click here

Nate Martinez
RE/MAX Professionals

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