RE/MAX National Housing Report September 2012

As shown in the September National Housing Report, home sales and prices have been steadily on the rise every month so far in 2012. Home sales were 8.5 percent above the mark set last year and for fourteen straight months have pushed higher than last year.

Inventory was 29.7 percent below August 2011 and remains a serious challenge to this recovery. With bidding wars in some areas, buyers are facing increasing difficulties finding their dream home.

“As we move from summer to fall it’s very encouraging that this year’s home selling season began strong and finished even stronger,” said Margaret Kelly, COE of RE/MAX, LLC. “Nearly every month in 2012 experienced increased sales and prices over 2011, showing that we’ve definitely passed the bottom and we’re looking forward to 2013 being an even better year.”

To read the RE/MAX National Housing Report for September 2012, click here.

There is no doubt the market here in Phoenix has turned a corner. While low inventory is a real challenge, the positive is the increase in property values. If you have a home to sell and you have been thinking you can’t sell due to the economy, please think again – and give me a call today so we can review your property values. You might be surprised what your home is worth in this demanding market. I look forward to hearing from you – Frank.