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RE/MAX: This Year’s Selling Season to be Strongest in Years
RE/MAX: This Year’s Selling Season to be Strongest in Years
RE/MAX: This Year’s Selling Season to be Strongest in Years
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April 17, 2012 (Jeff Alan)

Strong housing numbers in March was good news for the battered housing industry as year-over year home prices increased for a second consecutive month according to RE/MAX’s National Housing Report (NHR) giving the real estate organization hope that this selling season could be one of the strongest in years.

Closed transactions of home purchases increased 1.5 percent from February to March and were 25.4 percent higher than in March 2011, the ninth consecutive month home sales have increased year-over-year.

Thirty-three out of the 53 metro areas in the report posted year-over-year increases in closed transactions, down from 45 metro areas in February. Wilmington, DE (+41.8%), Omaha, NE (+30.6%), Providence, RI (+26.6%), Tulsa, OK (+26.0%), Chicago, IL (+23.7%) and Milwaukee, WI (+21.4%) recorded the highest year-over-year gains in closed transactions in March.

The median sales price of homes sold in March was 7.3 percent higher than in the previous month of February, increasing from $171,881 to $184,525. The median sales price was 5.8 percent higher than the median price of $177,001 in March of 2011. It was the second consecutive month that home prices have increased year-over-year following 18 months of declines.

Thirty-six of the 53 metro areas posted higher sales prices in March than they did a year earlier, up from 24 metro areas the previous month. The areas that posted the largest price gains during the month were Detroit, MI (+22.8%), Miami, FL (+21.8%), St. Louis, MO (+18.5%), Phoenix, AZ (+18.2%), Atlanta, GA (+13.7%) and Orlando, FL (+12.7).

The average number of days it took to sell a home in March was 101, two days less than in February. The average month’s supply of inventory in March was 5.3, down from 6.6 months in February and down from a 7.1 months supply of homes in March 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 2.8 percent from February and 23.2 percent from March 2011. It was the 21st consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “With buyers starting to jump into this market, this year’s selling season is shaping up to be the strongest we’ve seen in years. Although we don’t expect home prices to rise in every market at the same rate, the worst is definitely behind us, and a slow, steady recovery is taking hold.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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Estimate your monthly mortgage payment
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Determine how much car you can afford before buying
Learn About
Mortgage Loans
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15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates
See today's mortgage rates. Shop, compare and save.

April 17, 2012 (Jeff Alan)

Strong housing numbers in March was good news for the battered housing industry as year-over year home prices increased for a second consecutive month according to RE/MAX’s National Housing Report (NHR) giving the real estate organization hope that this selling season could be one of the strongest in years.

Closed transactions of home purchases increased 1.5 percent from February to March and were 25.4 percent higher than in March 2011, the ninth consecutive month home sales have increased year-over-year.

Thirty-three out of the 53 metro areas in the report posted year-over-year increases in closed transactions, down from 45 metro areas in February. Wilmington, DE (+41.8%), Omaha, NE (+30.6%), Providence, RI (+26.6%), Tulsa, OK (+26.0%), Chicago, IL (+23.7%) and Milwaukee, WI (+21.4%) recorded the highest year-over-year gains in closed transactions in March.

The median sales price of homes sold in March was 7.3 percent higher than in the previous month of February, increasing from $171,881 to $184,525. The median sales price was 5.8 percent higher than the median price of $177,001 in March of 2011. It was the second consecutive month that home prices have increased year-over-year following 18 months of declines.

Thirty-six of the 53 metro areas posted higher sales prices in March than they did a year earlier, up from 24 metro areas the previous month. The areas that posted the largest price gains during the month were Detroit, MI (+22.8%), Miami, FL (+21.8%), St. Louis, MO (+18.5%), Phoenix, AZ (+18.2%), Atlanta, GA (+13.7%) and Orlando, FL (+12.7).

The average number of days it took to sell a home in March was 101, two days less than in February. The average month’s supply of inventory in March was 5.3, down from 6.6 months in February and down from a 7.1 months supply of homes in March 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 2.8 percent from February and 23.2 percent from March 2011. It was the 21st consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “With buyers starting to jump into this market, this year’s selling season is shaping up to be the strongest we’ve seen in years. Although we don’t expect home prices to rise in every market at the same rate, the worst is definitely behind us, and a slow, steady recovery is taking hold.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use
Helpful Tools

April 17, 2012 (Jeff Alan)

Strong housing numbers in March was good news for the battered housing industry as year-over year home prices increased for a second consecutive month according to RE/MAX’s National Housing Report (NHR) giving the real estate organization hope that this selling season could be one of the strongest in years.

Closed transactions of home purchases increased 1.5 percent from February to March and were 25.4 percent higher than in March 2011, the ninth consecutive month home sales have increased year-over-year.

Thirty-three out of the 53 metro areas in the report posted year-over-year increases in closed transactions, down from 45 metro areas in February. Wilmington, DE (+41.8%), Omaha, NE (+30.6%), Providence, RI (+26.6%), Tulsa, OK (+26.0%), Chicago, IL (+23.7%) and Milwaukee, WI (+21.4%) recorded the highest year-over-year gains in closed transactions in March.

The median sales price of homes sold in March was 7.3 percent higher than in the previous month of February, increasing from $171,881 to $184,525. The median sales price was 5.8 percent higher than the median price of $177,001 in March of 2011. It was the second consecutive month that home prices have increased year-over-year following 18 months of declines.

Thirty-six of the 53 metro areas posted higher sales prices in March than they did a year earlier, up from 24 metro areas the previous month. The areas that posted the largest price gains during the month were Detroit, MI (+22.8%), Miami, FL (+21.8%), St. Louis, MO (+18.5%), Phoenix, AZ (+18.2%), Atlanta, GA (+13.7%) and Orlando, FL (+12.7).

The average number of days it took to sell a home in March was 101, two days less than in February. The average month’s supply of inventory in March was 5.3, down from 6.6 months in February and down from a 7.1 months supply of homes in March 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 2.8 percent from February and 23.2 percent from March 2011. It was the 21st consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “With buyers starting to jump into this market, this year’s selling season is shaping up to be the strongest we’ve seen in years. Although we don’t expect home prices to rise in every market at the same rate, the worst is definitely behind us, and a slow, steady recovery is taking hold.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use

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