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!