September RE/MAX National Housing Report

Goodbye summer, hello fall! The recent September RE/MAX National Housing Report reflects last month’s home sales were sunny and 5.0 percent higher than August 2014. Completed transactions in August were 11.4% lower than in July, which was the second best month for home sales since 2008. The Median Sales Price of all homes sold in August was $215,000, which was 7.5% above the price seen back in August 2014.

“As the summer home selling season comes to a close, we’re very pleased with the growth we’ve seen in 2015. Sales were significantly stronger than last year and price increases are providing better equity for existing homeowners, which results in an improved inventory. Consumers, and especially first-time buyers, are feeling much more confident about this market.” - Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder

The average year-over-year increase in sales for the first eight months of 2015 was 5.8%. With August sales, the last seven months have each recorded the highest number of sales in their respective months since the RE/MAX National Housing Report began in 2008. At the current rate of home sales, the resulting Months Supply of inventory in August is reflecting a seller’s market at 4.1 on a scale where 6.0 months indicates a market balanced equally between buyers and sellers. That means now is the perfect time to sell! Click here to download a copy of the September RE/MAX National Housing Report.

If you’re ready to sell your Arizona home this fall, 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

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