RE/MAX March 2016 National Housing Report

The RE/MAX March 2016 National Housing Report is right on track for the spring season according to the most recent real estate data. Here are some of the most pertinent real estate market details at a glance:

  • The average year-over-year increase in home sales has been 5.8 percent over the last twelve months.
  • The Median Sales Price of all homes sold in February was $198,000 or 5.9 percent higher than the price this time last year.
  • The national Month’s Supply of inventory was 4.0, down from 4.7 in February 2015.
  • Among the fifty-three metro areas surveyed in February, forty-five reported higher prices than last year.
  • The average Days on Market for all homes sold in February was seventy-six, up five days from the average in January.

Although price increases have been moderating over the last few months, low inventory supply continues to be the most significant factor pressuring prices. Click here to download a copy of the RE/MAX March 2016 National Housing Report.

Looking to sell your home or buy a home in Phoenix? Contact the Regal Team today! We offer unparalleled service to all clients in the Phoenix, Arizona real estate market. The Regal Team has in-depth knowledge of the market and can provide you with the information you need on purchasing, selling, investing, financing and owning real estate in the Valley of the Sun. Your complete satisfaction with our service and representation is our number one priority!

Melissa Dierks

The Regal Team of RE/MAX Professionals

7111 W Bell Road, Suite 101

Glendale, AZ 85308

(623) 229-0154

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