Wednesday, February 18, 2015

RE/MAX National Housing Report

RE/MAX Lakes Area Realty feels it's important to keep our clients and the public up to date on the latest housing information. The following is an excerpt from monthly RE/MAX National Housing Report. For a PDF copy of the full two page report, click HERE

Like last year, 2015 home sales are starting the year at a slower pace, according to the January RE/MAX National Housing Report.  January home sales were 3.9% lower than sales in January 2014. Last year, sales improved dramatically during the spring and summer months and three of the last four months of 2014 recorded higher sales than one year earlier. With a constrained inventory, the January Median Price rose by 11.2% over last January. And the inventory of homes for sale was 10.9% lower than one year ago. At the current rate of sales, the corresponding months supply of inventory fell slightly to 5.2 on a scale where 6.0 indicates a market balanced equally between buyers and sellers.