REMAX REPORT
For the first time in 2014, March saw home sales increase over the
For the first time in 2014, March saw home sales increase over the
previous month. While sales were 10.1% below the levels of one year
ago, they rose a significant 24.6% higher than February sales. Every one
of the 52 metro areas surveyed for the March RE/MAX National
Housing Report saw an increase in sales over February. The median
price of homes sold in March was 8.8% higher than the median price in
March 2013. A continuing low inventory of homes for sale has
pressured prices to rise, especially in markets that have experienced an
accelerated recovery. On a year-to-year basis, March became the 12th
consecutive month with fewer inventory losses than the previous
month. At the rate of sales in March, the Months Supply of inventory
fell to 4.1, where a supply of 6.0 indicates a market balanced equally
between buyers and sellers.
If you want a market value for your home watch video below.
If you want a market value for your home watch video below.
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