Home sales remain strong. Compared to October 2012, home sales this October were 2.2% higher. Median home prices were up too, at 11.9% above October 2012. These statistics are according to RE/MAX’s National Housing Report released this November.
We’ve had 21 months of year over year increases in both sales and prices. The inventory drop is lower too,
Home prices are on the rise due to a combination of low inventory and a strong buyer demand. Homes are spending less time on the market, down 16 days as compared to October 2012.
More details on this report can be found at https://rismedia.com/2013-11-18/home-prices-continue-rising-sales-steady/
The busy Fall season is upon us & homes are selling faster than they have in years!! It is the time for sellers to put their homes on the market & for buyers to buy those homes before the Holidays! This has been the best market in 6 years. Both home prices & interest rates are on the rise though! Contact me for details today!
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