Year End Home Sales Bounce Back: National Housing Report from RE/MAX

Defying the normal trend, home sales in December rose above the number of November sales by a significant 14.4 percent. Sales were also 3.9 percent above those of last December. Although home sales have generally been lower in 2014 than 2013, three of the last four months have experienced sales higher than the same month last year. Home prices in December were also higher than one year ago, rising 5.9 percent. Inventory continues to be constrained, with 10.7 percent fewer homes for sale than last December. As a result, the Month’s Supply of inventory rose to 5.7 on a scale where 6.0 indicates a market balanced equally between buyers and sellers.

"After a sluggish start, it's nice to see the year end on a positive note. Even though we're well into the winter months, homebuyers felt confident enough to enter the market in greater numbers than just one month ago. And with prices rising at a much slower rate than last year, sellers continue to increase their equity, while buyers don't feel priced out of the market." Dave Liniger, RE/MAX, LLC CEO, Chairman and Co-Founder

To view the full National Housing Report for January, click here. If you or someone you know is considering a move, please give me a call today. Nate

Nate Martinez, RE/MAX Professionals

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