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 January 2019

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With February almost in the books and the home selling season getting ramped up, here’s how the year kicked off. There are three key takeaways from the January RE/MAX National Housing Report.

1.    January had the most homes on the market in at least ten years
2.    Year-over-year sales dropped 11%
3.    Home sales prices went up 4.6 % from January 2018 averaging $234,000.

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

So, what's this mean for you? These numbers suggest that if you’re thinking about buying a new home, you have more options than you’ve had in the last few years. Sellers, you don’t have to worry, with rising prices, there’s still plenty of opportunity for you.

If you have plans for selling this spring or summer, it’s time to start planning. We’d be happy to talk about your situation and 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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RE/MAX National Housing Report for December 2018

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2018 Home Sales Cool Off, While Inventory Recovers and Price Increases Moderate

 

The latest housing market news is out from the RE/MAX National Housing Report. 

 

Here are three takeaways from December’s report:

 

1.) December home sales declined 12.1%. That marks the fifth month in a row of year-over-year decline.

 

2.) December inventory grew 4.6% which was the third consecutive month.

 

3.) Home prices went up 2.1% in December.

 

These stats mean that the market is slowly balancing. There’s still a way to go, but it’s making progress. Down the road, this will be great news for buyers and sellers. If you’re thinking about buying or selling in 2019, We’d be happy to talk about our local market conditions and your specific situation. 

 

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. 

 

If you’d like to read the full report, click here

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RE/MAX National Housing Report for November 2018

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Extremely Low Inventory Improves as Sales Drop for Fourth Month

 

Years of shrinking inventory gave way in November to a second consecutive month of year-over-year growth in the number of homes for sale, according to the RE/MAX National Housing Report. The apparent reason: Home sales declined for the fourth consecutive month when compared to the same months in 2017. Even so, home prices remained strong.


Across the 53 metro areas surveyed, inventory rose 3.0% – the highest monthly year-over-year gain in the 10-year history of the report, following October’s 1.0% increase that ended a streak of 119 months of year-over-year declines dating back to November 2008. The Months Supply of Inventory rose to 3.9, the highest for any month since 4.2 in December 2016.

November home sales, meanwhile, declined 6.9%, which was the second-largest year-over-year decline of 2018 and the biggest year-over-year sales decline for November in five years. This year only April and July sales exceeded 2017 totals for the corresponding months.

“The road to market normalization can be bumpy,” said RE/MAX CEO Adam Contos. “It’s good to see the small uptick in inventory, and the drop in November sales isn’t too surprising – given the recent trends, the mid-term elections, and the earlier-than-usual Thanksgiving holiday. As we near year-end, three main themes appear clear – buyers are grappling with affordability issues and tight inventory; sellers are unsure how to react to the cooling market; and homes priced properly are still selling rather quickly. All three underscore the fact that the guidance of a professional agent is even more critical in times like these.”

November’s Median Sales Price of $235,000 was 4.0% higher than November 2017 and was the highest November price in the report’s history. It marked the 32nd consecutive month of yearover-year price increases. Comparing the first 11 months of 2018 to 2017, home prices are up 6.0%.

Even with declining sales, homes sold at record speed for November. Homes spent an average of 51 Days on Market, compared to the previous November low of 54 days set last year.

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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