Friday, February 28, 2020

RE/MAX National Housing Report February 2020

RE/MAX National Housing Report February 2020


I hope that your year is off to as good of a start as the housing market. I want to share just a few highlights from the January RE/MAX National Housing Report. Here are three things you need to know.

1. January posted the highest year-over-year sales gain in 11 years – up 10.5%.
2. While sales are up, the number of homes on the market reached its largest year-over-year drop since 2017 – down 15.6%.
3. Median sales prices hit $256,000 - a record for January.

So what do these numbers mean? People are buying homes; much of this has to do with how many millennials are entering the market. If you're thinking about buying or selling, let's get started before spring and summer. The numbers above are based on national numbers. I'd be happy to meet with you to discuss numbers in our local market and how they will affect your real estate needs.

I'm excited to help you every step of the way. Give me a call or reply to set up a time to meet.