Hot summer selling season makes way for cooler fall sales

The October 2015 RE/MAX National Housing Report is in and we’re seeing the hot summer selling season make way for cooler fall sales so far this year. As expected, September home sales followed an expected seasonal trend and cooled off 8.6 percent lower than August, but were still 6.8 percent higher than September 2014. Based on the report’s MLS data from fifty-three metropolitan areas, the Median Sales Price for homes sold in September was $209,000, which is 7.2 percent above the price one year ago.

“Home sales usually cool down in the fall and it looks like this year is no exception, but September is falling right in line with the summer months with sales much higher than last year. Prices are also moderating on a month-to-month basis, and mortgage rates remain low. This translates to more attractive home affordability.” Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder

The Median Sales Price for all homes sold in the month of September was down 3.2 percent from August at $209,000. In September, the average Days on Market for all homes sold was sixty-two, up just three days from the average in August, but four days lower than the average in September 2014. Click here to download your own copy of the RE/MAX National Housing Report for October 2015.

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

Frank Russo

Russo Team

RE/MAX Professionals

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