title
April 2019   Volume 45, Number 4      
 

1

Rate of Homes Hitting the Market Near 10-Year High

RE/MAX real estate agents report there are now more homes for sale than in the past decade, according to the latest housing report. RE/MAX, a major global real estate franchise, released the data as a part of its monthly National Housing Report.

This latest report found the largest year-over-year increase in housing inventory, a sign the market is becoming more favorable to buyers, according to the RE/MAX CEO. While year-over-year home sales declined by 11 percent, inventory increased by an average of 6.4 percent in that same timeframe across the 54 U.S. metro areas included in the report.

Additional findings from the report indicated that January 2019 also marked the fourth consecutive month of year-over-year home inventory increases, with January’s 3.9-month supply higher than last year’s 3.4-month supply.

In another sign the market is changing in favor of buyers, nine out of the 54 metro areas surveyed in the report had a supply equal to or greater than six months. These conditions are typically an indicator of a buyer’s market.

[return to top]

 

 

 

 

In this issue:

How Will Luxury Real Estate Perform in 2019?

Study Says Power Lines Affect Property Values

Rich Are Fastest Growing Segment of Renters

Some Homeowners Decline Refinancing for Lack of Trust in Banks

Living Near a Highway Can Boost Home Values

One in Four Homeowners Plans to Purchase a Smart Lock in 2019, Study Says

Rate of Homes Hitting the Market Near 10-Year High

Real Estate Websites Want to Buy Homes Directly from Homeowners

Seniors Impacting Housing Shortage, Study Finds

4 Myths Real Estate Agents Believe About Customer Loyalty

 


The information presented and conclusions within are based upon our best judgment and analysis. It is not guaranteed information and does not necessarily reflect all available data. Web addresses are current at time of publication but subject to change. Smarts Publishing does not engage in the solicitation, sale or management of securities or investments, nor does it make any recommendations on securities or investments. This material may not be quoted or reproduced in any form without publisher's permission. All rights reserved. ©2017 Smarts Publishing. Tel. 877-762-7877. smartspublishing.com