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 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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Have you seen our website lately? There's quite a lot to see!

Browse MLS listings like a pro 24/7! Look up listings by homes on golf courses, pool homes, condo/townhomes, new construction, beachside/ocean, or waterfront/boater. You can also search the entire MLS by a number of different criteria such as single or multifamily, rental, zip code, bedrooms and more. If you’d like to narrow things down to just listings by RE/MAX Flagstaff it’s just a simple click away!

Find rental properties, pay rent online, and find great businesses in our “Preferred Partner” section! These are businesses we can definitely recommend as outstanding businesses in our area.

Learn more about RE/MAX Flagstaff and about Flagler County in our blog section. About us profiles our brokers and our outstanding agents.

We’re different than other real estate companies. Our brokers, Annette Gardinal and Jimmy Millhollin are both career veterans of the U.S. Navy and bring a strong commitment to vision and excellence as well as hard work, enthusiasm, and integrity. Both have extensive experience in leadership positions as well as community involvement.

At RE/MAX Flagstaff, we are fully committed to serving our customers. With our management team of retired veterans, the extensive training of our associates and our partnership with the national presence and name brand recognition of RE/MAX, we have become the premier provider of real estate services in Central Florida.

Call us today at (386) 246-8585 for exceptional service with great attention to detail. 

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RE/MAX Flagstaff Realtors Earn NAR’s Military Relocation Professional Certification!

 

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Annette Gardinal & Demi Bentley with RE/MAX Flagstaff have been awarded the nationally recognized Military Relocation Professional Certification. The National Association of Realtors® awards the MRP certification to Realtors® who help military personnel, veterans and their families find housing that lets them make the best use of their benefits and serves the unique needs of military life.

When military staff and their families relocate, the services of a real estate professional who understands their needs and timetables can make the transfer easier, faster and less stressful. Realtors® who earn this certification know to work with active duty military buyers and sellers, as well as veterans.

“Service members may only have a couple of days to view properties and make an offer, and others might be deployed at the time and need someone who can represent them while they’re away. Working with a Realtor® who understands the singular complications that arise with military service can help make the home buying process simpler, faster and less stressful,” said National Association of Realtors® President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. “The MRP certification lets home buyers and sellers know that a Realtor® knows the ins and outs of military housing benefits, such as zero-down payment loans, and the specific needs service members and veterans have when searching for their new home.”

The certification provides NAR’s members with resources to accommodate current and former military service members at any stage of their military career and is an approved elective for NAR’s Accredited Buyers Representative designation. To earn the MRP certification, Realtors must be in good standing with NAR; complete the MRP Certification Core Course; complete a reading providing background information on the military, included acronyms and understanding military culture; and complete two webinars.

For more information about the MRP certification, visit www.militaryrelocationpro.org

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 June 2018 National Housing Report

Halfway through 2018, prices are at record highs, inventory is at record lows and home sales are trailing 2017’s pace, according to the RE/MAX National Housing Report.

June sales were 5.5% lower than June 2017 in the 54 metro areas surveyed, marking the seventh consecutive month of year-over-year declines.

Headed in the opposite direction, the June Median Sales Price of $258,500 was an all-time high in the nine-year history of the report. It was 5.1% higher than the $245,000 recorded last June, bringing the consecutive months of year-over-year price increases to 27. In each of the previous five years – going back to June 2013’s $193,750 – June has posted the highest Median Sales Price of the year.

“Year-over-year prices have been climbing for more than two years now, which is great news for homeowners and sellers,” said RE/MAX CEO Adam Contos. “In the hottest markets, demand is especially high because there simply aren’t that many homes for sale. The slower sales figures we’re seeing are tied to inventory more than anything else.”

Forty-two of the 54 metro areas reported a year-over-year drop in inventory. That years-long trend is reflected in Months Supply of Inventory dropping to 2.7 – down 8.8% year-over-year and the smallest figure ever recorded for June. Fewer houses for sale generally results in a faster process: Homes sold in June averaged just 42 Days on Market – five days less than June 2017 and three days under the previous nine-year low of 45 days (July 2017).

“Lack of inventory has become a theme for the year,” Contos said. “Having fewer homes to choose from poses a challenge for buyers, who need to be ready to act decisively and quickly. Working with a full-time, professional RE/MAX agent can prepare them for that.”

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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