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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