Updated National Housing Report from RE/MAX

January home sales feel lower, while prices continued to trend up - the change in sales can be attributed to the severe winter storms. The RE/MAX National Housing Report, found that the January median home price of $173,475 was 11.6 percent higher than the prices in January 2013. Click here to read the updated National Housing Report from RE/MAX.

“We usually expect to see fewer home sales in the winter months, but January experienced particularly severe storms in a large part of the country, which disrupted appraisals, inspections and closings. However, the real story for home sales in 2014 will begin to unfold in the coming spring and summer months.” Margaret Kelly, RE/MAX CEO.

Despite the extreme weather conditions, thirteen metro areas experienced sales higher than this time last year. As for us in Arizona, the weather has been the usual sunny but much warmer than the typical spring temperatures. While we are enjoying the sunshine, home prices continue to level out in our metro area. If you are interested in learning more about your property values today, please give me a call.

www.NatesHomes.com
602-942-7000

http://www.nateshomes.com/agent_files/Updated REMAX National Housing Report.pdf