RE/MAX National Housing Report for May 2019

pelican 1553297 1920

 

May home sales ticked slightly higher year-over-year, ending a 9-month streak of declines, according to the RE/MAX National Housing Report. At the same time, inventory grew for the eighth consecutive month, representing the most units for sale since August 2016 in the report’s 54 metro areas.

Homes sold quickly, as evident in the Days on Market average of 47 – the second-fastest May average in the 10-year history of the report. And home sales increased 15.3% from April to May – the second-highest April-May jump in report history.

Home sales were up 0.4% over May 2018 - the first year-over-year gain since July 2018. The number of homes for sale increased 4.9% year-over-year to set a report record for the highest May growth. However, based on the pace of home sales, May’s 2.6 Months of Inventory was down compared to April’s 2.8 months and the 2.9 months of May 2018.

The Median Sales Price of $259,500 was up 3.4% year-over-year, representing the lowest May increase since 2011.

“The spring selling season was in full bloom during the month of May, offering both buyers and sellers something to like,” said RE/MAX CEO Adam Contos.

Read the full report here.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

 

Share this article:

Continue reading
41 Hits
0 Comments

RE/MAX National Housing Report for April 2019

surf fisherman 1651996 1920

 

With summer unofficially underway, it looks like the housing market isn’t taking any breaks from sales according to the RE/MAX National Housing Report. Here are three takeaways from last month’s report.

1) April sales were up 11% from March. 

2) Sales prices are still on the climb. Prices were up 2.1% from March. 


3) The number of homes on the market continues to grow – up 3.3% from March.  

Want more details? Read the full report here.

With these numbers, the market is slowly continuing to shift to be a little more balanced. Buyers are interested, and sellers are setting realistic prices. This means opportunity if you’re thinking about buying or selling. We are happy to talk about our local market in detail. 

 

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585. 

Share this article:

Continue reading
76 Hits
0 Comments

March 2019 RE/MAX National Housing Report

sunset 1794369 1920

It’s an absolutely gorgeous first full month of spring! Despite the slowest start to spring home sales in five years, things are looking up according to the March RE/MAX National Housing Report. Here are a few highlights from last month’s report.

1) Sales were 8.6% lower than March 2018 – the lowest year-over-year in five years. 


2) March sales rocketed up 29% over February.

3) The number of homes on the market grew for the sixth month in a row.

Want more details? Check out the full report by clicking here. 

So, what does this all mean for you? 

It’s a great time to be in the market. There are more homes for sale on the market, prices have only increased slightly year over year, and interest rates are falling. If you’re thinking about making a move this spring or summer, let’s get started. 

We would be happy to evaluate your home and talk about your wants and needs for your next home.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585. 

Share this article:

Continue reading
134 Hits
0 Comments

RE/MAX Flagstaff Agents Earn Annual Sales Production Award

Annette Gardinal and Jimmy Millhollin broker/owners with RE/MAX Flagstaff, have both earned the RE/MAX 100% Club Award, which honors successful agents who have earned commissions at the second-tier level in the past year. In 2018, 20 percent of active RE/MAX agents earned this prestigious award.

Agent Tina Turner has qualified for the esteemed 2018 RE/MAX Platinum Club Award, which honors successful agents who have earned commissions at the third-tier level in the past year. In 2018, less than six percent of all active RE/MAX agents received this award.

“It’s a tremendous honor to receive this award,” said Gardinal. “As a real estate agent with RE/MAX, I’m fully committed to helping my clients and consumers find the home that is right for them. It’s truly an honor to be surrounded by such an incredibly supportive team.”

Both Gardinal and Millhollin have been serving their community for 18 years as real estate agents, 12 Years with RE/MAX and 9 years as broker/owners of RE/MAX Flagstaff, and have extensive experience in water front, gated communities, and condominiums. They have also earned the Platinum Award for 3 consecutive years and actively support local non-profit organizations, Flagler Cats and Christmas Comes True.

Turner has been serving her community as a real estate agent with RE/MAX Flagstaff for 5 years and has extensive experience in investment and multi-family homes. Among Turner’s list of achievements, she has earned the Executive Club Award for 3 consecutive years.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

 

Screen Shot 2019 04 25 at 12.32.50 PM
 Screen Shot 2019 04 25 at 12.02.22 PM

 

Share this article:

Continue reading
142 Hits
0 Comments

RE/MAX National Housing Report for February 2019

Spring is finally here! I don’t know about you, but I love the change of the season. The season’s not the only thing changing according to the RE/MAX National Housing Report. Here are three things to take away from last month’s report. 

You can read the full report here! https://www.remax.com/newsroom/press-releases/remax-national-housing-report-for-february-2019.htm


1. Home sales were down for the seventh consecutive month. They were down 4.2% from February 2018. 


2. Inventory grew for the fifth month in a row. It was up 5.8% year over year.
The median sales price also grew by 5.5% to $240,000. 


3. All signs are pointing to the market slowly balancing as it transitions from a seller’s market to a buyer’s market. However, with home sale prices on the rise, pricing is still in the seller's favor.

It’s going to be a busy spring! If you’re thinking about buying or selling, let’s get started!

Thank you for trusting RE/MAX Flagstaff as your local real estate expert!

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

 

home 1682300 1920

 

 

 

Share this article:

Continue reading
177 Hits
0 Comments

RE/MAX FLAGSTAFF
Sign Up For Our Newsletter Here

OFFICE

RE/MAX FLAGSTAFF Each Office independently Owned and Operated

RE/MAX Flagstaff Office: 386-246-8585
One Hargrove GradeFax: 389-246-1667
Palm Coast, FL 32137Email: Info@RMFlagstaff.com

Search