March 2019 RE/MAX National Housing Report

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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. 

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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.

 

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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.

 

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RE/MAX National Housing Report for October 2018

Inventory is up. Sales decline. Could the market be balancing?

 

I hope your holiday season is off to a great start and full of laughter and fun. Those of you wishing for a more balanced housing market might be slowly getting what you’re looking for according to the RE/MAX National Housing Report.

 

Here are three key takeaways from this month’s report:

 

1.) Year-Over-Year home sales dropped 4.6% in October - that’s the third month in a row.

2.) Inventory increased for the first time in a decade according to the housing report.

3.) Sales prices in October were one of the lowest increases in 2018.

 

You can read the full report here.

 

All of this points to better news for buyers this holiday season as the “market moves towards equilibrium” according to Adam Contos, CEO of RE/MAX. If you have a moved planned for the holiday season or want to start preparing for a move in 2019, I’d be happy to meet with you to talk about what you can do now to help begin the process.

 

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. 

 

I hope you have a wonderful holiday season. Jimmy Millhollin

 

 

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RE/MAX National Housing Report for September 2018

Like the falling leaves of trees, September saw a tumble in year-over-year home sales according to the RE/MAX National Housing Report.

Here are three key takeaways from September’s Report.


1.) September sales dropped 11.6% year-over-year.
2.) Median sale prices rose to $241,000. That’s an increase for the 30th month in a row.
3.) Active inventory dropped 4.7% from September 2017. That’s the 119th month in a row to see fewer homes on the market.

The drop in sales drop does suggest that the market is rebalancing as buyers and sellers are processing higher interest rates. Prices are still high most likely because of the lack of homes that are on the market.  

Of course, these numbers represent a national sample. If you’re thinking about a transition or just interested in finding out what all of this means for the value of your property,  I’d be happy to talk to you about our local market.

 

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. 

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