April National Housing Report

According to the April National Housing Report , homes sales are beginning to bloom. March home sales rose a significant 33.9 percent over sales in February. The total number of home sales in March was the largest total of any previous March. When compared with sales last March, the increase was 9.9 percent.  This marks the third largest single month increase since the RE/MAX National Housing Report began in August 2008.

“The prime selling season this year is starting with a bang. After a harsh winter, it appears many consumers are eager to get out and shop for a new home, despite lingering inventory issues and rising prices. The many positive stories we’re hearing from our agents across the country are reflected in these very impressive March numbers.”

-Dave Liniger, RE/MAX, LLC CEO, Chairman and Co-Founder

Nearly every metro experienced double-digit month-over-month sales increases with the exception of Baltimore, which saw an 8.4 percent monthly increase. The Median Sales Price of $204,000 in March was also higher than last year by 8.5 percent.  With a higher rate of sales, the resulting Months Supply of inventory fell further to 3.7 on a scale where 6.0 months indicates a market balanced equally between buyers and sellers.

In March, forty-three of the fifty-three metro areas surveyed reported higher sales on a year-over-year basis, and thirty-one of those saw increases in double-digits. Click here to download your copy of the April National Housing Report.

If you’re looking to sell your Arizona home or to purchase an Arizona home this year, please contact the Russo Team today and receive a complimentary analysis of your home’s approximate present value on the market today. Your complete satisfaction with our service and representation is always our number one priority. -Frank

www.RussoTeam.com
602-864-1200

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