Home Selling Season Closes Strong
RE/MAX National Housing Report on 52 Metro Areas
The
following is an excerpt from the monthly RE/MAX National Housing Report
(full report attached). For more information, contact Shaun White at
(303) 796-3405.
DENVER (Sept. 18, 2013) –The
2013 summer selling season ends on a strong positive note, with both
home sales and prices significantly higher than last year. August
becomes the 19th month
in a row that both metrics were higher than the same month in the
previous year. August home sales were up 6.5% and the Median Price of
$188,450 was 12.9% higher than August 2012. The RE/MAX Housing Report, a
survey of MLS data in 52 metropolitan areas, also found that the rate
of inventory decline from last year was 17.4%, less than the 20.7%
decline observed in July. As inventory returns to a more normal level,
home prices will likely stabilize. At the current rate of home sales,
the number of months required to move the entire inventory was 4.4,
still below the 6 month supply recognized as a market balanced between
buyers and sellers.
http://www.jaredanthonycox.com
No comments:
Post a Comment