RE/MAX National Housing Report for November

According to the RE/MAX National Housing Report for November, Phoenix, Arizona saw a +12.2% increase in property values! Despite a slight decrease in the number of transactions, this October is the second best in the history of the National Housing Report.

“Although October sales weren’t quite as robust as what we've tracked so far in 2016, it's only the second month this year that didn’t exceed the strong levels set in 2015. But finishing just 1 percent below October 2015 sales is still a very solid performance,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “It’s the 13th consecutive month of double-digit decline in inventory year-over-year, and that appears to have pushed prices up in all but one market.”

If you are considering a move in 2017, but not sure if now is a good time please give us a call today. We can help you determine the value of your home, and create a plan that will meet your real estate goals. We look forward to hearing from you soon.

Frank Russo
The Russo Team
RE/MAX Professionals

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