April showers bring inventory struggles. As the inventory story continues, so does the decline of home sales and rising prices according to the RE/MAX National Housing Report. Home sales have declined for the fourth month in a row. For the 24th consecutive month, home prices have gone up! Why? Because of the number of homes on the market is at a record low. You can read all of the details in the full housing report here.

What’s all this mean for you? If you’re selling, it continues to be your market. Homes that are on the market are selling fast and generally at a higher price. If you’re buying, there’s still good news despite the low inventory. March recorded the second-highest month in sales in the history of the RE/MAX National Housing Report. I’d be happy to help you navigate the market to find your home. Give me a call or reply to this email.

As always, thank you for trusting me for all of your real estate needs.

 

Monthly Market Statistics
National Market Map