Six straight months of declining home sales have ended in one of the largest year-over-year inventory increases in a minimum of 10 years, as reported by the latest RE/MAX National Housing Report.
Prices Continue to Control the Housing Market
What does that mean to the average home-buyer and seller? If you’re a buyer, it’s excellent news – you potentially have more homes to choose from! It’s been quite some time since the National Housing Report has reflected a surge in inventory, specifically in popular metro destinations.
If you’re a seller, there’s good news for you too. As outlined by January data, the value of homes keeps rising across the nation. That said, now more than ever, sellers have to be in sync to their local housing market and mindful of prices, together with trends that are selling homes faster. For guidance, Nick, Cindy & Nicholas Davis can assist you.
Here’s a straightforward overview of the latest data found in the RE/MAX National Housing Report:
- Price continues to be king
- The median sales price jumped to $234,000 – a boost of 4.6% over the same month last year and the record for a January report.
Inventory is rising - Inventory grew year-over-year by an average of 6.4% across the report’s 54 U.S. metro areas. January marked the fourth consecutive month of year-over-year inventory growth – reversing a decade-long trend of shrinking inventory.
- Home sales are declining
- Year-over-year home sales dropped 11%. As noted, that’s excellent news for buyers because inventory is growing. And for sellers, it’s best if you work with an expert agent to ascertain the best list price appropriate for your local housing market.
A Few of Our Recent Sales
3705 NE 17TH ST Ocala FL 34470
34018 Laughing Oak DR Wesley Chapel FL 33545
23751 Hastings Way Land O Lakes FL 34639
5628 White Trillium LP Land O Lakes FL 34639
6302 SILVER OAKS DR ZEPHYRHILLS FL 33542
17721 NATHANS DR TAMPA FL 33647
Ready to find out the current market value of your home?
Have a questions or concern? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116 to answer your questions or you can simply click here and we will be in touch with you shortly.
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