December 7th, 2016 6:58 PM by Sharon Mason
National Housing Report for November 2016
Last month saw the
second-most sales – and the smallest inventory – of any October in the 9-year
history of the RE/MAX National Housing Report. Despite a slight decrease in the number of
transactions, this October is the second best in the history of the report. The
markets with the largest increase in sales include Phoenix, AZ +12.2%, Seattle,
WA +7.7%, Nashville, TN +6.9%, Milwaukee, WI +6.2%, Boise, ID +5.8% and Raleigh
& Durham, NC, +4.9%.
October sales weren’t quite as robust as what we've tracked so far in 2016,
it's only the second month this year that didn’t exceed the strong levels set
in 2015. But finishing just 1 percent below October 2015 sales is still a
very solid performance,” said Dave
Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “It’s the 13th consecutive month of
double-digit decline in inventory year-over-year, and that appears to have
pushed prices up in all but one market.”
If you or someone you know is
considering an upgrade in your retirement home but not sure what your home is
worth, please give me a call today. I will provide you with a comprehensive
look at market values, and a plan to help you successfully sell your home for
top-dollar. I look forward to hearing from you soon.
Your Arizona Retirement
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