September 2022 National Housing Report
Typical for this time of year, September home sales declined 9.7% from August across the report’s 53 metro areas. That led to inventory climbing to two months’ supply for the first time in nearly two years – an encouraging sign of a more balanced market to come....
RE/MAX ANNOUNCES ‘GLOBAL RE/MAX WEEK’ TO GIVE BACK
The week-long event in October will feature RE/MAX affiliates around the world supporting local communities through acts of service, fundraisers and volunteering. Giving back is an integral part of RE/MAX culture. Throughout the year, affiliates support their...
August 2022 National Housing Report
According to August data in the RE/MAX National Housing Report, home sellers, on average, accepted offers below their listing prices last month – a further indication of rebalancing in the housing market. Across the report’s 51 metro areas, the average Close-to-List...
July 2022 National Housing Report
A double-digit drop in home sales from June to July fueled a double-digit increase in homes for sale, triggering the first decline in the Median Sales Price since January. July's Median Sales Price of $415,000 was down 2.9% from June and the lowest since...
HALFWAY THROUGH 2022, SIGNS POINT TO A REBALANCING U.S. HOUSING MARKET
According to RE/MAX, the number of homes for sale increased in June 2022, while home prices stabilized. The first half of 2022 has come and gone. And, based on early indications and several results from June, the ultra-competitive, multiple-offer conditions for...
June 2022 National Housing Report
Halfway through the peak summer buying season, this year’s home sales are falling short of 2021’s, as signs of more balance in the market take hold. • June posted the most home sales of any month thus far this year, topping May by 4.7% but falling 17.6% short of June...
May 2022 National Housing Report
Although May is one of the most active months of the year for home sales, closings in May 2022 were 8.5% lower than May 2021. They did, however, climb 5.8% over April. That month-over-month increase was approximately half of the average gain in May during the...
HOUSING SUPPLY INCREASED FOR THE SECOND MONTH IN A ROW AS HOME SALES DECLINE
Typically a hot month for home sales, May 2022 saw closed transactions dip 8.5% lower than the same time last year. May is usually an active month for home sales – but May 2022 saw an 8.5% decrease in closings year-over-year. RE/MAX, LLC President and CEO Nick Bailey...
April 2022 National Housing Report
Signaling a flattening of the seasonal spring ramp-up, April 2022 home sales increased less than 1% over March –...
TO PAINT OR NOT TO PAINT? HOW HOME SELLERS CAN OPTIMIZE INTERIOR WALL COLOR
According to a RE/MAX agent and interior design specialist, a home’s color palette can make a significant impact on prospective buyers. Here’s why. Using color throughout a home can be expressive, creative and hold cultural significance. But what happens to that level...
March 2022 National Housing Report
The busy spring season got off to another strong start this year. March home sales jumped 32.2% over February while posting a report record Median Sales Price of $360,000. As buyers continued to far outnumber sellers, Months Supply of Inventory reached a record low of...
ANNUAL ‘RE/MAX VS. THE INDUSTRY’ REPORT REINFORCES BRAND ADVANTAGES FOR AGENTS, BUYERS, SELLERS
The new report displays RE/MAX leadership in agent productivity, brand awareness and global presence. The results are in, and RE/MAX continues to be a real estate industry leader around the world. The 2022 RE/MAX vs. The Industry report shows that RE/MAX affiliates...
February 2022 National Housing Report
February home sales dipped nearly 1% from January, potentially setting the stage for what is typically the year's biggest month-over-month ramp-up in sales as March typically is considered the start of the spring home-selling season. And while the number of homes on...
A MAJOR FIRST: RE/MAX AGENTS CLOSE OVER 2 MILLION TRANSACTION SIDES IN 2021
As announced at the 2022 RE/MAX R4 convention, agent productivity hits a new high for the network and the entire real estate industry. RE/MAX agents closed more than 2 million total transaction sides last year, a milestone no other real estate brand has ever reached,...
January 2022 National Housing Report
January home sales dropped 31.4% from December's total – a decrease slightly more than the seasonal norm – as inventory shrank for the sixth consecutive month. Year over year, sales were down 5.3% from January 2021. A December-to-January decline in home sales is...
IT’S OFFICIAL: 2021 WAS THE BUSIEST HOME-BUYING YEAR IN RE/MAX NATIONAL HOUSING REPORT HISTORY
The data is in and strong December home sales crowned 2021 as the busiest year for homebuying in the 14-year history of the RE/MAX National Housing Report. According to the latest report, which measured 51 metro areas, December 2021 home sales were the second highest...
December National Housing Report
Near-record December home sales cemented 2021 as the busiest year for home buying in the 14-year history of the report, while also setting records for smallest inventory and highest average home prices. On an annual basis, 2021 finished with nearly 10% more home sales...
November National Housing Report
The historically strong housing market continued to surge forward in November, as buyers gobbled up available homes seemingly as soon as they hit the market. Buyers finally saw some welcome relief on prices, with November's Median Sales Price dropping 2.9%...
October National Housing Report
Pinched between a steep median sales price of $336,000 and record low inventory, October home sales tumbled 6.4% from September – almost double the typical seasonal decline. September had near-record sales, which also contributed to the steepness of the...
September National Housing Report
With three-quarters of the year complete, 2021 is mirroring seasonal norms, unlike 2020, but maintaining strong momentum. September home sales dropped 7.0% from August’s total and the Median Sales Price slipped 1.1% to $329,000 – both far less than the typical...
August National Housing Report
August home sales dropped 3.5% from July’s total – and the Median Sale Price slipped 1.2% to $335,000 – as seasonal norms signaled that 2021’s busiest homebuying and selling months are probably behind us. Despite these drops, August still almost broke records for home...
July National Housing Report
July inventory uncharacteristically climbed 4.0% from June, marking the first two consecutive months of month-over-month inventory gains since April and May 2019. At the same time, July's 1.3 Months of Inventory set a new report low for the month. July home sales were...
June National Housing Report
June created the perfect trifecta for a hot housing market: June home sales and prices both set report records, while inventory grew for the first time in 15 months. The month of June, typically the biggest month of the year for home sales, saw sales soar 14.2% over a...
Record-Shattering Home Sales Continue Into Fall
Delayed by pandemic-related lockdowns, summer's peak homebuying season pushed into fall. In fact, according to the RE/MAX National Housing Report for September, closings rose 21.1% from a year ago and on average, homes sold in a mere 39 days. Meanwhile, the inventory...
May National Housing Report
The typical May ramp-up in home sales didn't happen last month, as sales dipped 0.2% from April and home prices were uncharacteristically flat in the report's 53 metro areas. Also defying seasonal trends was a 7.1% drop in listed homes at a time of year when active...
April National Housing Report
On average, April home sales took just 32 days from listing to going under contract, while the Median Sales Price rose to $320,000 – both new records in the 13-year history of the report. These stats, and other key indicators, including a report record April for...
March National Housing Report
March home sales jumped by one-third over February's total as demand from hordes of eager homebuyers pushed the Median Sales Price above $300,000 for the first time in the 13-year history of the report. Meanwhile, the pace of sales accelerated – to the fastest rate on...
February National Housing Report
The median home price reached $291,000 in February – the highest in the 13-year history of the report – while sales set a new high for the month and inventory continued to drop to record lows. The record February home sales were up 5.7% year over year, but the...
January National Housing Report
Despite record low inventory, January home sales posted a 13.5% increase over a year ago. That followed four consecutive months of year-over-year sales increases of 19% to 22% on the heels of pandemic lockdowns. January's year-over-year increase in homes sold...
December National Housing Report
Strong December Home Sales, Big Second Half of 2020 Set the Stage for Potentially Historic 2021 December home sales increased 6.2% over November and 21.9% year-over-year, capping a record-breaking second half of 2020 that set new overall monthly benchmarks for most...