Retire AZ Style News

RE/MAX National Housing Report

A sixth consecutive month of declining home sales in January contributed to the largest year-over-year inventory increase in at least ten years, according to the RE/MAX National Housing Report.

While year-over-year home sales dropped eleven percent – extending a streak that began in August – inventory grew year-over-year by an average of 6.4 percent across the report’s fifty-four U.S. metro areas. January marked the fourth consecutive month of year-over-year inventory growth – further reversing a decade-long trend of shrinking inventory. December 2018’s year-over-year inventory growth of 4.7 percent was the previous record in the report’s ten-year history.

“The winter chill extended to the housing market in January, as home sales remained cool,” said RE/MAX CEO Adam Contos. “The good news is that inventory levels in January continued to rise on a year-over-year basis, providing incremental improvement in what’s been a multi-year shortage of for-sale homes. This is a positive for homebuyers, as the market continues to swing their way.”

The median sales price of $234,000 was a report record for January, increasing 4.6 percent over January 2018. But the rate of sales price increase was considerably less than the 6.7 percent posted from January 2017 to January 2018. December 2018 was the only month since January 2012 to show a year-over-year decline in median sales price. Fifty-nine days on market was a record low for January sold listings – averaging one day less than the 60 posted in January 2018. January’s 3.9-month supply of inventory was higher than the 3.4-month supply of January 2018.

“Underlying demand remains solid overall, as evidenced by widespread price increases,” said Contos. “So the housing market, while not markedly busy in January, remains relatively healthy. Furthermore, with interest rates stabilizing and home-price increases slowing, the spring selling season shapes up to be as interesting as any we have seen in years.”

Of the 54 metro areas surveyed in January 2019, the overall average number of home sales was down 26.1 percent compared to December 2018, and down 11.0 percent compared to January 2018. In January 2019, the median of all 54 metro Median Sales Prices was $234,000, down 2.5 percent from December 2018, and up 4.6 percent from January 2018. The average Days on Market for homes sold in January 2019 was fifty-nine, up four days from the average in December 2018, and down one day from the January 2018 average. For more info, please click here to download your copy of the RE/MAX National Housing Report for January 2019.

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 March 4th, 2019 2:00 PM
May 2017 RE/MAX National Housing Report

The brisk start to the 2017 home-selling season slowed down in April with home sales dropping 4.1 percent below March and 4.5 percent below the previous April, according to the May 2017 RE/MAX National Housing Report.

“We may be seeing some frustration from buyers,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “Inventory is tighter than ever, while strong demand keeps driving up home prices. At the same time, many potential sellers may also be reluctant to list their homes because the tight inventory might impact them as buyers. Home buyers and sellers will need to work with experienced real estate agents to navigate this tough market.”

More than three quarters of the report’s fifty-three metro areas saw April home sales decline year-over-year. By contrast, March posted a 6.6 percent year-over-year spike in sales. Even so, April saw homes sell for more than they did in March in 81 percent of the markets, while 92 percent of the markets saw higher year-over-year sale prices.

Yet the narrative of the ever-tightening inventory coupled with increased prices persisted, as the fifty-three-metro area report saw the trends of a seller’s market continuing:

  • The average number of Days on Market declined for the third consecutive month and April’s fifty-seven days set a new low for April in the report’s nine-year history.
  • The Median Sales Price of $226,000 was the highest price for any April and marked the 13th consecutive month of year-over-year price increases. 
  • Months Supply of Inventory, which dropped below three months in March for the first time in the report’s history, was 2.8. A months supply of less than 6.0 is considered a seller’s market. 
  • Inventory was down 17.6 percent from April 2016.
Click here to read the May 2017 National Housing Report brought to us by RE/MAX Headquarters. If you or anyone you know is interested in learning what home values are in Arizona’s retirement communities, please give me a call today.

Your Arizona Retirement Expert,
Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com
Join Sharon on Facebook or Twitter!
Posted by Sharon Mason on June 4th, 2017 11:19 AM
Proudly Celebrating 25 Years of Miracles

Since 1992, RE/MAX agents and brokers have invested in the well-being of their local communities by raising more than $150 million for 170 Children's Miracle Network Hospitals. Each donation helps fund pediatric medical equipment, treatments, charitable care and other healthcare services for local CMN hospitals. As the contributions continue to grow, the hospital is able to aid in a larger number of sick and injured children -- which is something they take great pride in being able to do for our community.

Throughout the year, RE/MAX offices and agents raise funds through the Miracle Home and Miracle Property programs that provide a great way to help sick and injured children and express appreciation to their clients. They raise additional funds with golf tournaments, benefit dinners, auction and other community fundraisers. Many agents also visit children's hospitals and volunteer their time to further support the one in ten kids who are treated at Children's Miracle Network Hospitals each year.

In 2016, RE/MAX Affiliates in the US and Canada donated over $10 million to 170 Children's Miracle Network Hospitals through the Miracle Home and Miracle Property Programs. Here at RE/MAX Professionals, our agents donated over $40,000 to our local Phoenix Children's Hospital last year!

It is a privilege to be among these agents who give back to our community. I have you to thank for this prestigious recognition, because without your continued trust as your preferred real estate agent, I would be able to participate in these programs.
Here's to celebrating another 25 years of miracles!

Your Arizona Retirement Expert,

Sharon Mason, Associate Broker
RE/MAX Professionals
623-810-9988
www.RetireAZStyle.com




Posted by Sharon Mason on May 1st, 2017 12:37 PM

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%.

“Although 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 Expert,

Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com 

Join Sharon on Facebook or Twitter!

Posted by Sharon Mason on December 7th, 2016 6:58 PM

October National Housing Report from RE/MAX 

According to the October National Housing Report from RE/MAX, the median sales price for September was 5.1 percent above last year, coming in at $219,780. In a rare occurrence, not a single metro posted a year-over-year price drop. The average Month’s Supply of Inventory rose from 3.4 in August to 3.9, the highest since February.  We are still far below the six month’s supply considered to be a market balanced equally between buyers and sellers. Eight markets, predominantly in the Northeast, have a six or more month supply. Meanwhile, nineteen have three months or less, with the majority being in the West. 

“The market usually sees fewer home sales in September, as buyers make a seasonal transition from summer to fall,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “Even so, sales were the highest of any September since we launched our Housing Report in 2008. Also, price increases continue to be in the moderate 5-percent year-over-year range. Overall, this is a market that most everyone can be satisfied with.”

To read the full October National Housing Report from RE/MAX click here. Are you considering a move but unsure of your home values? I can help! Give me a call today to receive a complimentary market analysis and a written plan to get your home sold for top dollar in today’s market. Sharon

Your Arizona Retirement Expert,
Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com 

Join Sharon on Facebook or Twitter!

Posted by Sharon Mason on November 3rd, 2016 1:20 PM

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