Sales in every month of 2022 fell short of the previous year, according to a new RE/MAX report, which shows home sales were down an overall 38% from 2021, while the number of homes for sale was up nearly 70%.
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Market Exhibiting Signs of Seasonal Slump
Median sales price now sits below the highs recorded during June, while inventory hit a recent record high. Click through to find out what else RE/MAX’s National Housing Report found.
Read More »Experts Project Inventory to Improve Gradually
RE/MAX has released its National Housing Report for May 2022, and although May is deemed one of the most active months of the year for home sales, closings in May 2022 were 8.5% lower than the prior year. However, rates ...
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