September/October Outlook:: Demand outpaces supply and the supply crunch has become the new reality. Median Sales price is up 10.4% to $259,479.Lower interest
National Housing Report For February 2019
Declining Sales, Growing Inventory Continue to Move in Direction of Buyer’s Market
Happy Spring everyone!
I love this time of year (minus the pollen). The weather is changing and so is the housing market according to The RE/MAX National Housing Report for February 2019. Here are the three big take aways from February's report.
1. Home sales were down for the seventh consecutive month. They were down 4.2% from February 2018.
2. Inventory grew for the fifth month in a row. It was up 5.8% year over year. The median sales price also grew by 5.5% to $240,000.
3. All signs are pointing to the market slowly balancing as it transitions from a seller’s market to a buyer’s market. However, with home sale prices on the rise, pricing is still in the seller's favor.
It’s going to be a busy spring! If you’re thinking about buying or selling, let’s get started. Give me a call, send me a text, or email me to set up a meeting to talk about your situation.
Thank you for trusting me as your local real estate expert!
Have a great day!