As we finish out the first half the year and enter summer, prices are at record highs and inventory continues to be at record lows according to the RE/MAX National Housing Report. “Year-over-year prices have been climbing for more than two years now, which is great news for homeowners and sellers,” said RE/MAX CEO Adam Contos. “In the hottest markets, demand is especially high because there simply aren’t that many homes for sale. The slower sales figures we’re seeing are tied to inventory more than anything else.”
You can view the full report here.
“Lack of inventory has become a theme for the year,” Contos said. “Having fewer homes to choose from poses a challenge for buyers, who need to be ready to act decisively and quickly. Working with a full-time, professional RE/MAX agent can prepare them for that.” If you want a fresh start in a new home this summer, better act fast! Contact your RE/MAX Agent to discuss all of your real estate needs.