RE/MAX National Housing Report for November

According to the RE/MAX National Housing Report for November, Phoenix saw a +12.2% increase in property values. Despite a slight decrease in the number of transactions, this October is the second best in the history of the National Housing Report.  

“Although October sales weren’t quite as robust as what we've tracked so far in 2016, it's only the second month this year that didn’t exceed the strong levels set in 2015. But finishing just 1 percent below October 2015 sales is still a very solid performance,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “It’s the 13th consecutive month of double-digit decline in inventory year-over-year, and that appears to have pushed prices up in all but one market.”

It is important to stay aware of your home values, even if you may not be planning a move. If you need help understanding the market conditions 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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