Tag Archives: RE/MAX

Home prices are still higher than then were last year, but have slowed over the last three months, making affordability less of an issue heading into winter.

According to RE/MAX, home sales over the last six months, including July, have each recorded the highest number of sales in their respective months since the RE/MAX National Housing Report began in 2008.

December home sales topped the previous month by a double-digit percentage, defying the usual slowdown brought on by seasonal influences, according to a survey of metros nationwide.

Despite the currently slower environment, RE/MAX CEO Margaret Kelly is keeping a positive view on recent figures, noting that August sales were still more than 10 percent higher than in 2012 and 17.8 percent higher than in 2008, when the company began reporting on monthly activity.

Home sales for July decreased slightly from the previous month after increasing for four months in a row, according to the July 2014 RE/MAX National Housing Report released on August 14. Meanwhile, home prices fell marginally month-over-month but increased year-over-year.

The National Housing Report from RE/MAX found that for the third month in a row, home sales in May rose higher than sales in the previous month. May sales were 11.5 percent higher than in April, but stubbornly remained below the same period last year by 9.9 percent.

Homes are selling faster and at higher prices in the metropolitan Chicago real estate market in April, according to a recent analysis of market activity by RE/MAX. However, sales of distressed homes, either through foreclosure or short sales, fell off steeply for the month as the housing market continued to work through the foreclosure process.

Following weak home sales during the first two months of the year resulting from extreme winter weather, March sales picked up 24.6 percent across the 52 metros measured in the RE/MAX National Housing Report. However, despite the significant increase, March sales are 10.1 percent below their year-ago level.

RE/MAX released its National Housing report for February, which showed that weather and a lack of inventory continued to push homes sales lower and prices higher. Home prices rose 11.6 percent compared to February, 2013. The median price for a home was $180,450, a 4.3 percent increase from the previous month, and continues a streak of 25 months of monthly price increases.

Sales of residential homes in the seven-county metro of Chicago followed a pattern similar to January: rising prices, but the pace of sales slow when compared to the same month last year. According to an analysis by RE/MAX, bitter weather and a small inventory of homes for sale were the primary factors causing reduced sales activity.