Despite record prices and low inventory, sales have increased nearly 2% according to the July 2018 National Housing Report. “Because we’ve faced challenging inventories and skyrocketing home prices for some time now, a seasonal slowdown that rebalances the market a bit might actually be a positive in the months ahead. It could level affordability to some extent and create more opportunity for buyers who’ve been priced out of hot markets”, said Adam Contos, RE/MAX CEO.
If you want a fresh start in a new home this year, better act fast and take advantage of this opportunity for better affordability! Contact your RE/MAX Agent to discuss all of your real estate needs.
You can view the full report here.