Here's a one minute housing market video update from RE/MAX for July 2017 using June 2017 housing data based on 53 metro areas around the country.
June 2017 was a strong month nationally setting post-recession records for sales and home prices. As we enter the second half of the year, the U.S. housing market appears to be on pace for another record year with four of the last six months topping same month sales from 2016. Increased sales and record low inventory slipping to 2.8 months resulted in higher sales prices. June’s median sales price of $245,000, which was up 7.5% over last June, also set a RE/MAX National Housing report record, with prices increasing in 50 of the 53 markets followed for this report.
- Home sales up 1.4%
- Median price of homes sold up 7.5% to $245,000
- Average days on market were down by 7 days to 47 days
- Number of homes for sale down 15.2%
Home buyer demand remains strong. There simply are not enough sellers listing their homes, despite rising prices and increasing interest rates.
So, is now the right time to sell your Charlotte metro area home? That depends on your motivation. If you'd like to have a quick conversation about that please contact Carolinas Realty Partners with RE/MAX Executive. We'd be delighted to explore the pros and cons of listing your home now versus waiting.
This monthly RE/MAX National Housing Report for July 2017 is brought to you by Nina Hollander and Carolinas Realty Partners with RE/MAX Executive, your Charlotte metro area real estate consultants.
If you are considering purchasing or selling a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:
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