Retire AZ Style News

RE/MAX National Housing Report for December 2018

December’s declining home sales and growing inventory solidified 2018 as the year the red-hot seller’s market moved toward a balanced market. Price growth also moderated, though December was the 33rd consecutive month of year-over-year increases in home prices, according to the RE/MAX National Housing Report, which includes fifty-three metro areas.

“December’s inventory gain, continuing the three-month growth trend, is welcome news,” said RE/MAX CEO Adam Contos. “The market remains choppy and there’s still a long way to go, but these gains represent steps toward a balanced market, which in the long run is healthy for both buyers and sellers.”

Most telling was December’s 4.6 percent growth in inventory, which was also a report record. December’s year-over-year inventory increase marked the third consecutive month of growth – a trend reversing a decade-long streak of year-over-year inventory declines.

While fifty-four Days on Market was a record low for December sold listings, the 4.1 Months Supply of Inventory was higher than December 2017’s 3.7 months and ahead of November 2018’s 3.9 months’ supply.

Home buyers paid record amounts throughout 2018 as prices grew year-over-year in every month last year, led by June’s Median Sold Price of $258,500 – an all-time report high. Even so, December’s year-over-year increase of 2.1% was 2018’s smallest, and far lower than the 8.1 percent price growth from December 2016 to December 2017.

“Home sales have cooled, especially during the second half of 2018, but that was inevitable given the strong seller’s market that has persisted for nearly a decade,” Contos said. “We believe sales activity can pick back up if the pace of price escalation continues to moderate, interest rates tick further downward, and wage growth continues.”

Click here to download your copy of the RE/MAX National Housing Report for December 2018. Are you considering a retirement home in Arizona? Or want to upgrade your current retirement home? Please contact me today for a full market analysis. I can help you successfully navigate any market condition!

 

Your Arizona Retirement Expert,

 

Sharon Mason - Associate Broker
RE/MAX Professionals
623-810-9988

www.RetireArizonaStyle.com 

Follow me on Facebook or Twitter!

Posted by Sharon Mason on February 4th, 2019 12:15 PM

Is it Time to Sell Your Home? 

Retirement communities are my specialty in Arizona, including the communities of Sun City, Sun City West, Corte Bella, Sun City Grand, Sun Village, Arizona Traditions Sun City Festival, Trillogy at Vistancia and many others.

As a professional real estate consultant, I have made a commitment to learn about various floor plans built in the retirement communities, asset preservation fees and the amenities offered at our beautiful recreation centers.

In today’s market, pricing your home correctly is very important as we begin to see an increase in inventory of homes on the market in the coming months. The spring market is an excellent time for both home buyers and homeowners who are ready to sell their properties.

Is it time to sell? I can help you find out by providing a free, quick, no obligation comparative market analysis on your home. Simply click here and fill in the details. I will email or mail a copy of what your home could sell for in today’s market.

I look forward to assisting you with your retirement needs in Arizona.

Your Arizona Retirement Expert,

Sharon Mason - Associate Broker
RE/MAX Professionals
623-810-9988

www.RetireArizonaStyle.com 

Follow me on Facebook or Twitter!

Posted by Sharon Mason on January 21st, 2019 12:30 PM

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