December National Housing Report from RE/MAX

Despite the typical winter slowdown, November home sales finished 19.1 percent above a year ago and prices increased 1.4 percent over October. All but one of the fifty-three markets in the December National Housing Report from RE/MAX posted an increased number of sales over November 2015, with nearly half of the markets at least 20 percent higher. Year-over-year, 2016 has posted price increases or stayed flat in all eleven months to date, and sales increases in nine months. November posted the largest percentage year-over-year sales increase thus far in 2016.

The continued decline of inventory and talk of rising interest rates may have contributed to November’s surge of home sales,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. Over the past eleven months, the majority of markets have seen home prices return to their pre-recession levels, reaffirming that 2016 has been the best year for the housing market since the recession.”

Every neighborhood is unique and values vary based on location, size, amenities and other important factors. If you are interested in learning more about your property values, please give us a call today.

The Regal Team of RE/MAX Professionals
7111 W Bell Road, Suite 101
Glendale, AZ 85308
(623) 229-0154

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