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!
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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.