National Housing Report June 2018
Prices Rise 7.8 Percent, But Homes Are Selling Faster and Faster
I hope that your summer is off to a great start. The housing market is off to a really fast start this summer. Homes are selling virtually faster than they have in a decade! Prices are up, inventory continues to reach record lows, and demand is still very high, which helped shift the days on the market to just 46 days. You can see the numbers in detail in the full May 2018 RE/MAX National Housing Report here.
What should you do if you’re in the market for a new home? It’s simple. Be ready! Get pre-approved, know what you want, and when it’s time to make an offer, avoid contingencies if possible. In fact, create an offer that includes concessions for the seller.
Remember, working with a real estate pro is your first step in the right direction. I’m always here to help.