Sales down, prices up in RE/MAX February housing report

October home sales were up by 2.5 percent on a year-over-year basis but were down 3.4 percent from September, according to the latest RE/MAX National Housing Report.Thirty-seven of the 53 metro areas tracked by RE/MAX saw year-over-year home sale increases, most notably Albuquerque, N.M., with a 19.8 percent increase and Augusta, Maine, with a 14.1 percent spike.

February home sales dropped 3% from one year ago, but increased from January, according to the RE/MAX national housing report. It’s the first time in four months that the yearly difference did not.

But things are looking up. According to the RE/MAX report, the median sales price for the Detroit real estate market has risen 44% over the last year or so – the biggest gain of any city in their report. The Case-Shiller Home Price Index is also showing positive, but more moderate, pricing trends for this metro area.

DENVER – Riding two trends-declining sales and growing inventory- the U.S. housing market continued to transition from a seller’s market to a buyer’s market in February, according to the RE/MAX National Housing Report. Home sales in the 54-market report have declined year-over-year for seven consecutive months, though February’s downturn of 4.2% was the smallest since the 1.1% drop.

Meanwhile, the median price of local condos and town homes sold in June was $177,900. That was up 6.5 percent from June 2018..

The U.S. housing market keeps slowing down, with January having marked. Miami led the way with a nine-month supply. That was up from 7.5 months in Re/Max’s October report. The modest home sales.

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The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

According to the March RE/MAX National Housing Report, home sales dropped 0.2% from February 2017, while the Days on Market average of 62 days was the lowest of any February in the report’s.

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After unexpectedly declining in February. quarter, down from a healthy 2.5% clip in the fourth quarter. Nevertheless, many analysts are expecting April’s data to add to gains seen in March. “We.

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