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RE/MAX: Sales up 12 straight months

Real Estate Economy Watch
RE/MAX: Sales up 12 straight months - RE/MAX - property sales

Sales have risen every month for the last year in RE/MAX’s national housing report. In fact, for five straight months, sales and prices have both increased on a monthly and annual basis.

Of the 53 metro areas included in the RE/MAX survey, 31 report increases in both sales and prices. It appears that the recovery is broad based, occurring in all geographic regions. Increased consumer confidence, historically low mortgage rates and attractive pricing are some of the factors that are drawing buyers and sellers back into the real estate market. 

Available homes for sale dropped 5.0 from May and 27.4 percent from June 2011. This declining inventory has created a seller’s market in many areas with multiple bids and offers occurring frequently.

RE/MAX’s Median Sales Price of homes sold in June was $170,067. Of the 53 metro areas surveyed for the June RE/MAX National Housing Report, a near record 44 experienced price increases over the last year, with 6 metro areas experiencing double digit gains.


Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.