September’s National Housing Report from RE/MAX
August sales are up, and prices rise steadily according to the National Housing Report that came out this week from RE/MAX Headquarters in Denver, Colorado.
“August’s nearly 6 percent sales increase over last year is providing a strong finish for the summer home selling and buying season. While July saw a decline, August built upon the trends in the spring and early summer. Coupled with moderating price increases, the sales growth we’re seeing represents a market that’s very sustainable," said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder.
August home sales increased 5.8 percent over a year ago, reversing July’s decline of 8.8 percent. At the same time, the median price climbed 5.1 percent as steady monthly increases continued. August sales were up year-over-year in 41 of the 53 U.S. metro areas analyzed in the RE/MAX National Housing Report. Twelve metro areas posted double-digit increases, including major markets along the east coast from Washington, DC to Charlotte, NC. So far in 2016, seven of the eight months have seen year-over-year sales increases nationally.
Here in the west valley, we are seeing a steady trending in housing demand, and housing values. If you are considering your first home, or upgrading your current property now is a good time to make a move. Give us a call today, and we will help you make a smart, informed real estate decision. Joe
The Bourland Group