2018 Home Sales Cool Off, While Inventory Recovers and Price Increases Moderate

 

I hope that your year is off to a great start! I wanted to send you this quick email to fill you in on how the year wrapped up with the latest housing market news from the RE/MAX National Housing Report.

Here are three takeaways from December’s report:

1.) December home sales declined 12.1%. That marks the fifth month in a row of year-over-year decline.

2.) December inventory grew 4.6% which was the third consecutive month.

3.) Home prices went up 2.1% in December.

These stats mean that the market is slowly balancing. There’s still a way to go, but it’s making progress. Down the road, this will be great news for buyers and sellers. If you’re thinking about buying or selling in 2019, I’d be happy to talk about our local market conditions and your specific situation. Please don’t hesitate to call, text or reply to this email with any questions.

Thank you for trusting us as your real estate experts.

Have a Wonderful Day!