September Ends with a Sales Bang!
The leaves may be falling, but home sales rose in September. The latest RE/MAX National Housing Report shows that the peak selling season ended with a bang. Here are three important takeaways from the report.
1. September ended with the highest year-over-year sales gain in three years – up 8.1%.
2. With an increase in sales, the number of homes for sale is down 6.1%.
3. Home prices were up 4.5 % from last year.
Simply put, with increased sales, there are fewer homes on the market, and they’re selling at a higher price. Keep in mind that these are national averages; fall is a great time to buy and sell as people are motivated to make a move before the holidays, and mortgage rates are still in your favor. If you’re thinking about a move, let’s get together to create a plan that works for you!
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