Home Sales Defy Seasonal Trend: December National Housing Report

Last month saw more homes sold than any other November in the eight-year history of the National Housing Report from RE/MAX. All but one of the fifty-three markets surveyed posted an increase in sales over November 2015, with nearly half of the markets at least 20 percent higher. Despite the typical winter slowdown, November home sales finished 19.1 percent above a year ago and prices increased 1.4 percent over October.

The continued decline of inventory and talk of rising interest rates may have contributed to November’s surge of home sales,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. Over the past 11 months, the majority of markets have seen home prices return to their pre-recession levels, reaffirming that 2016 has been the best year for the housing market since the recession.”

Are you thinking of making a move in 2017 but not sure what your home is worth? Give us a call today. We will help you successfully navigate the home selling process. We look forward to hearing from you soon – Frank

Frank Russo
The Russo Team
RE/MAX Professionals