RE/MAX Touts Unmatched Network Experience in 2020 Advertising Campaign

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RE/MAX, the #1 name in real estate*, launched its 2020 advertising campaign highlighting the years of experience, professionalism and expertise RE/MAX agents bring to the table throughout a real estate transaction.

Building on the ‘Sign of a RE/MAX Agent’ campaign and the RE/MAX slogan ‘Don’t Worry, We’ve Done This a Million Times,’ the new spots highlight the quality services and support offered to consumers by skilled full-time agents. The 2020 campaign spans radio, digital, TV and social media outlets with 11 video concepts.

“Buying or selling a home can be a confusing time, and no one has more experience navigating these obstacles and serving in the best interest of the consumer than RE/MAX agents,” said Abby Lee, RE/MAX Senior Vice President, Marketing and Communications. “This year’s campaign showcases the invaluable benefits of working with a full-time, dedicated real estate agent in one of the largest financial transactions one will make in his or her lifetime.”

The 2020 campaign marks the fifth consecutive year of collaboration between RE/MAX and award-winning agency Camp + King.

“We know that consumers want to work with an agent who has done their research, is easy to get in touch with, and is an expert in what they are talking about,” said Emily Dillow, Director of Brand Management and Junior Partner at Camp + King. “These spots communicate the message that a dedicated pro is the ally you want by your side when you’re looking to buy or sell a home.”

Beginning today, agents can personalize the latest national advertising campaign commercials on the RE/MAX Hustle website with their name, photo, contact information and a short message that relates back to the spot. Agents will have a batch of personalized commercials at the ready to share with friends, followers and clients. Beginning in February, agents will also be able to create customized videos to promote their own individual listings.

“This comprehensive national advertising campaign has taken the much-loved aspects of the ‘Sign of a RE/MAX Agent’ campaign and has brought it to life even more by adding in real life scenarios and the various ways a productive and experienced RE/MAX agent can make this major life moment as seamless as possible,” added Lee.

To see all 11 video concepts of the 2020 RE/MAX national advertising campaign, click here.

*Source: MMR Strategy Group study of unaided awareness

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RE/MAX National Housing Report for January 2020

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10 Percent Jump in Sales Best Start to Year Since 2009

Last month's home sales posted the highest year-over-year gain for January in 11 years, increasing an average of 10.5% in the 54 metro areas covered by the report. Meanwhile, the 15.6% year-over-year drop in inventory was the largest decline since May 2017 and marked the seventh consecutive month of year-over-year shrinkage in the number of U.S. homes for sale.

Despite very low inventory, January and December (+13.5%) marked the first back-to-back months with double-digit year-over-year growth in home sales since June and July of 2015.

"Strong buyer demand continues to be the defining theme in the housing market," said Adam Contos, CEO of RE/MAX Holdings, Inc. "January sales were encouraging, and were likely pushed in part by millennials coming into the market. It's a massive group of people, with many of them forming households and looking to buy their first homes. Affordability and limited supply are still constraints, but overall, housing is in a much better place than it was a year ago.”

January's Median Sales Price of $256,000 - though 3.4% below December - was 8.9% higher than January 2019 and extended the string of year-over-year price increases to 13 months.
In the nearly 12-year history of the report, three January records were set or tied last month:
Fewest Months Supply of Inventory: 3.1
Fewest Days on Market: 59 (tied with January 2019)
Highest Median Sales Price: $256,000

Closed Transactions 


Of the 54 metro areas surveyed in January 2020, the overall average number of home sales is down 26.9% compared to December 2019, and up 10.5% compared to January 2019.  Leading the year-over-year sales percentage increase were Los Angeles, CA at +31.9%, Burlington, VT at +28.7%, and New Orleans, LA at +22.5%.

Median Sales Price – Median of 54 metro median prices


In January 2020, the median of all 54 metro Median Sales Prices was $256,000, down 3.4% from December 2019, and up 8.9% from January 2019. Only one metro area, Wichita, KS at -2.8%, saw a year-over-year decrease in Median Sales Price. Thirteen metro areas increased year-over-year by double-digit percentages, with the largest increases seen in Trenton, NJ at +24.4%, Birmingham, AL at +18.6%, and Boise, ID at +16.6%.

Days on Market – Average of 54 metro areas


The average Days on Market for homes sold in January 2020 was 59, up six days from the average in December 2019, and equivalent to the average in January 2019. The metro areas with the lowest Days on Market were Nashville, TN at 34, Omaha, NE at 35, and a three-way tie between Birmingham, AL, Cincinnati, OH, and San Diego, CA at 43. The highest Days on Market averages were in Des Moines, IA at 107, Miami, FL at 105, and Augusta, ME at 93. Days on Market is the number of days between when a home is first listed in an MLS and a sales contract is signed.

Months Supply of Inventory – Average of 54 metro areas


The number of homes for sale in January 2020 was down 5.0% from December 2019 and down 15.6% from January 2019. Based on the rate of home sales in January 2020, the Months Supply of Inventory decreased to 3.1 compared to 3.6 in December 2019 and decreased compared to 4.5 in January 2019. A six months supply indicates a market balanced equally between buyers and sellers. In January 2020, of the 54 metro areas surveyed, seven metro areas reported a months supply at or over six, which is typically considered a buyer's market. The markets with the highest Months Supply of Inventory were Indianapolis, IN at 8.8, Miami, FL at 6.8, and Chicago, IL at 6.2. The markets with the lowest Months Supply of Inventory were Denver, CO at 1.2, San Francisco, CA at 1.3, and a four-way tie among Boise, ID, Charlotte, NC, Phoenix, AZ and Seattle, WA at 1.4.

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RE/MAX National Housing Report for December 2019

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December posted a record finish to a year and a decade, with a year-over-year increase in home sales of 13.5% in the 54 metro areas covered by the report. That was the highest increase of any month in 2019, and the highest for the month of December since 2009.
Also posting a record for 2019 was the inventory decline of 14.5% year-over-year, accompanied by corresponding drops in Months Supply of Inventory – 3.3 vs. 4.8 a year earlier – and Days on Market – 54 compared to 55 a year ago.

“It was good to see the year-over-year spike in December home sales, indicating robust homebuyer interest,” said Adam Contos, CEO of RE/MAX Holdings, Inc. “The strong December capped a solid second half of 2019, with year-over-year sales increases in four of the final six months. The gains were largely attributable to low interest rates and high demand, and with those factors still in place, we expect sales to continue at a solid pace into the first part of this year.”

Year-over-year, sales were up five months in 2019, with the majority occurring in the back half of the year. Inventory, meanwhile, grew year-over-year in each of the first six months, then shrunk in each of the last six months.

The Median Sales Price of $266,000 was 11.1% higher than December 2018 and the highest year-over-year increase for any month of 2019.

Closed Transactions 

Of the 54 metro areas surveyed in December 2019, the overall average number of home sales is up 4.1% compared to November 2019, and up 13.5% compared to December 2018.  Leading the year-over-year sales percentage increase were Birmingham, AL at +34.3%, Burlington, VT at +26.7%, and Los Angeles, CA at +26.2%.

Median Sales Price – Median of 54 metro median prices

In December 2019, the median of all 54 metro Median Sales Prices was $266,000, up 3.8% from November 2019, and up 11.1% from December 2018. Only one metro area, Burlington, VT at -3.3%, saw a year-over-year decrease in Median Sales Price. Fourteen metro areas increased year-over-year by double-digit percentages, with the largest increases seen in Birmingham, AL at +19.9%, Trenton, NJ at +19.1%, and Honolulu, HI at +15.3%.

Days on Market – Average of 54 metro areas

The average Days on Market for homes sold in December 2019 was 54, up five days from the average in November 2019, and down one day from the average in December 2018. The metro areas with the lowest Days on Market were Omaha, NE at 24, Nashville, TN at 31, and Cincinnati, OH at 34. The highest Days on Market averages were in Des Moines, IA at 110, and a tie between Augusta, ME and Hartford, CT at 89. Days on Market is the number of days between when a home is first listed in an MLS and a sales contract is signed.

Months Supply of Inventory – Average of 54 metro areas

The number of homes for sale in December 2019 was down 13.7% from November 2019 and down 14.5% from December 2018. Based on the rate of home sales in December 2019, the Months Supply of Inventory decreased to 3.3 compared to 3.5 in November 2019, and decreased compared to 4.8 in December 2018. A six months supply indicates a market balanced equally between buyers and sellers. In December 2019, of the 54 metro areas surveyed, two metro areas, Miami, FL at 8.9 and Augusta, ME at 6.4, reported a months supply at or over six, which is typically considered a buyer’s market. The markets with the lowest Months Supply of Inventory were San Francisco, CA at 1.4, Salt Lake City, UT at 1.6, and Denver, CO at 1.7.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

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RE/MAX Celebrates Founders Day by Celebrating its Network

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Dave and Gail Liniger changed the course of history in 1973, and RE/MAX affiliates carry on their legacy every day.

On a cold Tuesday in January 1973, the founding of RE/MAX changed the course of history. From that point forward, Dave and Gail Liniger, two young, ambitious professionals, set out to build a new company that would operate differently than competitors and ultimately disrupt the real estate industry as a whole. 

Dave and Gail deconstructed the format of a traditional brokerage, identified areas of unfairness, and crafted a brand-new business model that prioritized the professional and financial well-being of the real estate agent as well as the experience of homebuyers and sellers.

Without the Linigers’ vision, it’s tough to say where real estate would be today.
On January 30, RE/MAX Founders Day, it’s not enough to celebrate just the RE/MAX Co-Founders, however. After all, what would RE/MAX be without the agents and brokers who make it what it is?

In 2020, the signature hot air balloon has been flying high for nearly half a century, and the RE/MAX network is comprised of over 125,000 agents. Such a strong community is impossible to create and maintain without the enthusiasm of like-minded business entrepreneurs who share a passion for serving their communities. RE/MAX continues to help agents meet professional goals and achieve personal success.

To honor these RE/MAX entrepreneurs, employees at RE/MAX Headquarters in Denver placed surprise calls to the network throughout the day to express their appreciation.

“Founders Day is a celebration, and there’s no one greater to celebrate than the professionals who make up the RE/MAX network,” says Serene Smith, RE/MAX Chief Operating Officer. “It’s a simple way to show gratitude and wish them well.”

In light of Founders Day, RE/MAX, LLC honors and acknowledges its agents and franchisees and their commitment to helping others for the past 47 years.

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RE/MAX National Housing Report for November 2019

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Tight Inventory Accelerates Sales, Pushes Up Median Sales Price

A fifth straight month of shrinking inventory year-over-year triggered several November records in the 11-year history of the RE/MAX National Housing Report: fewest Days on Market at 49, fewest Months Supply of Inventory at 3.3, and the highest Median Sales Price at $257,000.

In the 54 metro areas covered by the report, November home sales overall averaged 1.0% below November 2018 following significant year-over-year increases in September and October. Thus far, four months of 2019 posted year-over-year sales increases and seven, including November, have seen declines. Three of the monthly declines, however, were less than 2% below 2018 sales levels.

As inventory dropped 13.3% from November 2018, it took an average of 49 days to sell a home last month, compared to 51 days a year ago. The 3.3 months of inventory represented a sharp drop from 4.4 months a year ago.

“We continue to see favorable economic conditions and solid demand, but buyers coming into the market are being met with a progressively constrained supply of homes for sale,” said RE/MAX CEO Adam Contos. “This has helped accelerate the pace of sales and push up prices, two factors that favor sellers. As we approach 2020, it seems likely that inventory will be the market’s main throttle next year – if more homes come on the market, sales should benefit; if that doesn’t happen, sales may be challenged. Buyers are out there and ready to go; we just need more listings to meet the demand.”

The November Median Sales Price of $257,000 marked a 7.9% year-over-year increase. It was the third-highest year-over-year increase thus far in 2019.  While prices declined month-to-month from June through September, price appreciation began to accelerate in October and the November Median Sales Price topped October by 0.7%. November prices have topped October’s for nine consecutive years, dating back to 2011.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

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RE/MAX National Housing Report for October 2019

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Sales and Prices Increase, Inventory Sharply Declines 

Home sales, which lagged during the first part of 2019, continued their recent rebound with another strong month in October. October 2019 sales finished 3.9% higher than in October 2018. At the same time, inventory posted a steep 9.0% year-over-year decline across the report’s 54 metro areas, while the Median Sales Price of $254,800 set an October record.

“October continued a recent win streak for home sales, and the market is positioned much better than it was a year ago,” said RE/MAX Holdings CEO Adam Contos.  “Demand is strong, due in part to low interest rates, but buyers have limited options because inventory remains such a challenge. As a result, prices keep rising. Fortunately, key forecasts suggest an increase in new-homes moving onto the market next year, which would help address the inventory situation and potentially slow the steady price gains we’ve seen for so long.”

With May, July and September already in the positive column, October became the fourth month of the past six to post a year-over-year increase in sales, which hadn’t happened for nine months prior to May.

Meanwhile, inventory resumed the skid that has dominated the last decade. October’s year-over-year decline of 9.0% was the largest for any month since May 2018. The downturn resulted in October’s Months of Inventory dropping to 3.1 – the lowest October amount in the report’s 11-year history. The 49 Days on Market was the second-lowest figure for October in report history, trailing only 2018’s 48.

The Median Sales Price of $254,800 set an October record for the report and the 8.4% increase year over year was the highest for the month since 2013.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

https://www.remax.com/newsroom/press-releases/remax-national-housing-report-for-october-2019.htm

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RE/MAX Ranked a Top 15 Franchise for Seventh Consecutive Year

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For the seventh straight year, RE/MAX, LLC, the #1 name in real estate*, was recognized as a top 15 franchise brand and the leading real estate franchise brand for the 11th year in a row in the 2019 Franchise Times Top 200+® survey.
 
“This past year, RE/MAX has doubled down on technological advancements, corporate innovation and service enhancements to further support and empower our network of highly productive agents,” said RE/MAX CEO Adam Contos. “Recognition in annual surveys and industry rankings is a testament to our brand and business initiatives living up to our commitment to be a business that builds businesses.”
 
Highlights of this year’s ranking include:
 
RE/MAX ranked the #1 real estate franchise brand

The top 15 overall standings include #1 McDonald’s, #2 7-Eleven, #3 KFC, #4 Burger King, #5 Ace Hardware, #6 Subway, #7 Domino’s, #8 Pizza Hut, #9 Marriott Hotels & Resorts, #10 Taco Bell, #11 Wendy’s, #12 Chick-fil-A, #13 Hilton Hotels & Resorts, #14 Circle K and #15 RE/MAX.

The Franchise Times Top 200+ is an annual ranking of the 500 largest franchise systems in the United States by global systemwide sales, based on the previous year’s performance. Systemwide sales is defined as the total sales for both franchise and company units. According to the 2019 survey, the top 200 added $26.9 billion in sales in 2018. The ranking methodology and full report are available at franchisetimes.com.
 
Earlier this year, Entrepreneur magazine ranked RE/MAX, LLC as the leading real estate franchise in the 2019 Franchise 500®. RE/MAX has been the top real estate franchise in the annual survey for seven consecutive years.

Recent national surveys demonstrate the high productivity of the RE/MAX network. RE/MAX is home to more of “America’s Best” real estate agents according to the 2019 REAL Trends + Tom Ferry “America’s Best Real Estate Professionals” rankings. RE/MAX also had more of the nation’s elite agents with the most homes sold according to the 14th Annual REAL Trends “The Thousand” rankings released this past June. 

RE/MAX is in more countries and territories than any other real estate brand. From a single office that opened in 1973 in Denver, Colorado, RE/MAX has grown into a global real estate network with more than 125,000 sales associates in more than 110 countries and territories.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

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RE/MAX National Housing Report for September 2019

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September Home Sales Post Highest Year-over-Year Gain in Nearly Three Years

While signaling the end of 2019’s peak selling season, September home sales rose 8.1% year-over-year – the largest year-over-year increase since November 2016. Home purchases increased in 47 of the report’s 54 markets, forcing already tight inventory totals to drop 6.1% year-over-year for the biggest decline in over a year.

The year-over-year increase in September 2019 sales was the largest September increase since 2013. This was accompanied by an August-to-September decline of 17.0%, which – while larger than average – was significantly less than the month-to-month drop of 24.4% in September 2018, when sales sharply declined amid an uncertain interest rate environment.

September 2019 marked the third consecutive month of year-over-year inventory decline. That reversed the strongest 9-month-stretch of year-over-year inventory growth – from October 2018 to June 2019 – in report history. Meanwhile, the August-to-September seasonal inventory decline of 1.5% was less than the August-to-September 5-year average drop of 2.3%.

“It was encouraging to see the improvement in September home sales, especially given how tough last September’s results were,” said RE/MAX Holdings CEO Adam Contos. “The market still poses some challenges for buyers – framed by rising prices and shrinking inventory – but we’re moving into the fourth quarter on much better footing than we had a year ago. As we begin to lap the end of last year and its persistent sales declines, the housing market’s momentum increases the chances of seeing more months of strong year-over-year gains in sales.”

September’s Median Sales Price of $254,500 was a year-over-year increase of 4.5%, which is in line with the year-over-year average gain of 4.9% for 2019’s first nine months.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

 

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Demand for Housing Increases in August 2019

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According to the August 2019 RE/MAX National Housing Report, buyer demand continues to exceed available housing supply, extending the favorable seller’s market that has been in place for years. While sellers have had the upper hand in negotiations in recent years with constricted inventory remaining nationally, more buyers entering the housing market could increase momentum.

“The modest inventory growth that started last fall has been swallowed up by demand as buyers have returned to the market, likely spurred on by attractive interest rates,” said RE/MAX CEO Adam Contos. “Home sales dipping at the same time inventory falls suggests there may have been some reluctance on the part of sellers to list their homes,” added Contos.

The last of 2019’s peak months for home sales also prompted encouraging signs for buyers with a steep decline in Median Sales Price from July 2019 to August 2019. Despite concerns over low inventory, the seasonal decline in inventory from July 2019 to August 2019 is on par with the national average since RE/MAX began releasing the RE/MAX National Housing Report over 10 years ago.

Here are some highlights of the latest data found in the RE/MAX National Housing Report:

Home sales took a dip.

The overall average number of home sales is down 4.2% compared to July 2019, and down 1.6% compared to August 2018. Leading the month-over-month sales percentage decrease were Miami, FL at -13.5%, Dover, NH at -13.1%, and Washington, D.C. at -10.3%.

2. Home prices became increasingly more affordable.

In August 2019, the median of all 53 metro Median Sales Prices was $263,000, down 3.6% from July 2019 and marking the steepest drop-off in report history from July to August.

3. The number of homes for sale declined.

The number of homes for sale in August 2019 was down 3.9% from July 2019 and down 5.5% from August 2018. Based on the rate of home sales in August 2019, the Months Supply of Inventory was 2.8, a decrease compared to 2.9 in July 2019 and 3.5 in August 2018. A six months supply indicates a market balanced equally between buyers and sellers.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

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RE/MAX National Housing Report for August 2019

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Year-Over-Year Home Sales Slip 1.6% After Largest Inventory Decline in 13 Months

August 2019 existing home sales slipped 1.6% from a year ago, despite buyer demand exceeding available housing supply, according to the RE/MAX National Housing Report. Following July’s year-over-year sales increase of 2.3%, the slight August decline marks the sixth month of 2019 that produced fewer sales than 2018.

Buyer demand outpaced homes listed for sale in August, causing the largest inventory decline in 13 months. An analysis of the report's 53 metro areas shows August inventory shrank 5.5% year-over-year, the largest drop since 7.8% in July 2018. August’s inventory contraction followed July’s year-over-year inventory decline of 1.5% after nine consecutive months of year-over-year inventory growth. Months Supply of Inventory decreased to 2.8 compared to 2.9 in July 2019 and eclipsed the previous August low in the report’s 11-year history.

“The modest inventory growth that started last fall has been swallowed up by demand as buyers have returned to the market, likely spurred on by attractive interest rates,” said RE/MAX CEO Adam Contos. “Home sales dipping at the same time inventory falls suggests there may have been some reluctance on the part of sellers to list their homes. Nevertheless, demand is again ahead of supply, extending the favorable seller’s market that has been in place for several years.” 

Inventory has remained below four months in 39 of the last 42 months, dating back to March 2016. Six months is considered a market balanced between sellers and buyers.  

Homes moved quickly and August saw a year-over-year price increase of 5.7%, further evidence of buyer demand. The August Days on Market total of 44 represented the second-fastest pace of August home sales in the report’s history. The previous record was set last August, when homes sold in an average of 43 days.

August weighed in as the eighth consecutive month of year-over-year price growth as the Median Sales Price rose to $263,000. Going back to February 2012, prices have increased year over year in 89 of the past 91 months.

Despite the favorable conditions for sellers, there were still a few encouraging signs for buyers in the last of 2019’s peak months for home sales:  
While home prices typically decline from July to August, the decrease of 3.6% was the steepest drop-off in report history from July to August.


Despite August’s significant year-over-year inventory shrinkage, the seasonal decline in inventory from July-to-August of 3.9% is on par with the 3.7% average since the RE/MAX National Housing Report began in August 2008.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

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RE/MAX National Housing Report for July 2019

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Home Sales Increase 2.4% in July, Ending Nine Months of Inventory Growth 

July home sales bounced back after a sluggish June by increasing 2.4% year over year, according to the RE/MAX National Housing Report. This was enough to end nine months of year-over-year inventory growth as the number of homes for sale declined 1.4%.

A drop in home sales from June to July is typical in the report's 53 metro areas. But the 0.2% decline from June to July 2019 was by far the smallest month-over-month decline since July 2013. And while June sales failed to top May for only the second time in the report's 10-year history, July sales set a report record for the month.

"July sales snapped back after a tepid June, as attractive low interest rates appear to have brought more buyers into the mix," said RE/MAX CEO Adam Contos. "The housing market has been a bit uneven since the early spring, with each encouraging month seemingly followed by one with lukewarm results. It's possible the housing market has finally shaken some mud off its boots and can maintain its momentum for the back half of the year. If the broader macro environment hangs on, we could see a potentially strong finish to 2019.”

July's Median Sales Price of $273,000 - while down slightly from June's all-time report record high - was 9.2% higher than July of 2018. It marked the seventh consecutive month of year-over-year price growth. Home prices have risen, year over year, in 88 of the last 90 months dating back to February 2012. Said Contos, "Although lower interest rates help affordability, we have now seen two straight months of accelerating price increases. If the trend continues, it's not an encouraging development for buyers.”

July's Days on Market total of 43 saw sales closing at the same rate as they did in June, but taking two days longer than in July 2018. Months of Inventory in July 2019 totaled 2.7, down compared to June's 2.9 and 3.3 in July 2018.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

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RE/MAX National Housing Report for June 2019

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June Sales Post Unusual Decline as Median Price Reaches All-Time High

Typically the strongest month for home sales, June saw closings decline 4.7% from May and 7.8% from June 2018, according to the RE/MAX National Housing Report. Going in the opposite direction, June’s Median Sales Price of $276,000 was an all-time high in the 10-year history of the report.

June has recorded the most sales each of the last five years (July led 2013 sales). This is only the second June in report history to have fewer sales than May. With sales slowing, June inventory increased 1.3% over June 2018, marking the first year-over-year rise in June inventory in the report’s history. Moreover, inventory grew for the ninth consecutive month, and the report’s 54 metro areas had the most units for sale since August 2016.

“Record prices appear to have kept June sales figures from topping a strong May,” said RE/MAX CEO Adam Contos. “Nevertheless, there are indications, including the return of very favorable mortgage rates, that the pace could pick up in July. Several encouraging longer-term trends—ongoing demand, improving inventory levels, low interest rates—are helping the market make incremental progress on multiple fronts. But supply remains a concern, so we need more homes to be built.”

Starting in 2013, June has also produced the highest Median Sales Price of each year. June’s record $276,000 was 6.7% higher than the $259,000 recorded in June 2018.  June’s price increase accelerated compared to the prior three months, each of which had a year-over-price increase of less than 3.5%. Contos continued, “The jump in sales price after months of moderation is worth watching for its impact on affordability.”

June’s Days on Market total of 44 meant that sales happened three days faster than in May but took three days longer than June 2018. Months of Inventory in June 2019 was 2.8, the same as May’s and below June 2018’s 3.1.

Read the full report here. https://www.remax.com/newsroom/press-releases/remax-national-housing-report-for-june-2019.htm

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

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RE/MAX National Housing Report for May 2019

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May home sales ticked slightly higher year-over-year, ending a 9-month streak of declines, according to the RE/MAX National Housing Report. At the same time, inventory grew for the eighth consecutive month, representing the most units for sale since August 2016 in the report’s 54 metro areas.

Homes sold quickly, as evident in the Days on Market average of 47 – the second-fastest May average in the 10-year history of the report. And home sales increased 15.3% from April to May – the second-highest April-May jump in report history.

Home sales were up 0.4% over May 2018 - the first year-over-year gain since July 2018. The number of homes for sale increased 4.9% year-over-year to set a report record for the highest May growth. However, based on the pace of home sales, May’s 2.6 Months of Inventory was down compared to April’s 2.8 months and the 2.9 months of May 2018.

The Median Sales Price of $259,500 was up 3.4% year-over-year, representing the lowest May increase since 2011.

“The spring selling season was in full bloom during the month of May, offering both buyers and sellers something to like,” said RE/MAX CEO Adam Contos.

Read the full report here.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

 

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RE/MAX National Housing Report for April 2019

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With summer unofficially underway, it looks like the housing market isn’t taking any breaks from sales according to the RE/MAX National Housing Report. Here are three takeaways from last month’s report.

1) April sales were up 11% from March. 

2) Sales prices are still on the climb. Prices were up 2.1% from March. 


3) The number of homes on the market continues to grow – up 3.3% from March.  

Want more details? Read the full report here.

With these numbers, the market is slowly continuing to shift to be a little more balanced. Buyers are interested, and sellers are setting realistic prices. This means opportunity if you’re thinking about buying or selling. We are happy to talk about our local market in detail. 

 

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585. 

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March 2019 RE/MAX National Housing Report

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It’s an absolutely gorgeous first full month of spring! Despite the slowest start to spring home sales in five years, things are looking up according to the March RE/MAX National Housing Report. Here are a few highlights from last month’s report.

1) Sales were 8.6% lower than March 2018 – the lowest year-over-year in five years. 


2) March sales rocketed up 29% over February.

3) The number of homes on the market grew for the sixth month in a row.

Want more details? Check out the full report by clicking here. 

So, what does this all mean for you? 

It’s a great time to be in the market. There are more homes for sale on the market, prices have only increased slightly year over year, and interest rates are falling. If you’re thinking about making a move this spring or summer, let’s get started. 

We would be happy to evaluate your home and talk about your wants and needs for your next home.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585. 

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RE/MAX Flagstaff Agents Earn Annual Sales Production Award

Annette Gardinal and Jimmy Millhollin broker/owners with RE/MAX Flagstaff, have both earned the RE/MAX 100% Club Award, which honors successful agents who have earned commissions at the second-tier level in the past year. In 2018, 20 percent of active RE/MAX agents earned this prestigious award.

Agent Tina Turner has qualified for the esteemed 2018 RE/MAX Platinum Club Award, which honors successful agents who have earned commissions at the third-tier level in the past year. In 2018, less than six percent of all active RE/MAX agents received this award.

“It’s a tremendous honor to receive this award,” said Gardinal. “As a real estate agent with RE/MAX, I’m fully committed to helping my clients and consumers find the home that is right for them. It’s truly an honor to be surrounded by such an incredibly supportive team.”

Both Gardinal and Millhollin have been serving their community for 18 years as real estate agents, 12 Years with RE/MAX and 9 years as broker/owners of RE/MAX Flagstaff, and have extensive experience in water front, gated communities, and condominiums. They have also earned the Platinum Award for 3 consecutive years and actively support local non-profit organizations, Flagler Cats and Christmas Comes True.

Turner has been serving her community as a real estate agent with RE/MAX Flagstaff for 5 years and has extensive experience in investment and multi-family homes. Among Turner’s list of achievements, she has earned the Executive Club Award for 3 consecutive years.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

 

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RE/MAX National Housing Report for January 2019

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With February almost in the books and the home selling season getting ramped up, here’s how the year kicked off. There are three key takeaways from the January RE/MAX National Housing Report.

1.    January had the most homes on the market in at least ten years
2.    Year-over-year sales dropped 11%
3.    Home sales prices went up 4.6 % from January 2018 averaging $234,000.

You can read the full report here. https://www.remax.com/newsroom/press-releases/remax-national-housing-report-for-january-2019.htm

So, what's this mean for you? These numbers suggest that if you’re thinking about buying a new home, you have more options than you’ve had in the last few years. Sellers, you don’t have to worry, with rising prices, there’s still plenty of opportunity for you.

If you have plans for selling this spring or summer, it’s time to start planning. We’d be happy to talk about your situation and our local market.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585.

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RE/MAX National Housing Report for December 2018

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2018 Home Sales Cool Off, While Inventory Recovers and Price Increases Moderate

 

The latest housing market news is out from the RE/MAX National Housing Report. 

 

Here are three takeaways from December’s report:

 

1.) December home sales declined 12.1%. That marks the fifth month in a row of year-over-year decline.

 

2.) December inventory grew 4.6% which was the third consecutive month.

 

3.) Home prices went up 2.1% in December.

 

These stats mean that the market is slowly balancing. There’s still a way to go, but it’s making progress. Down the road, this will be great news for buyers and sellers. If you’re thinking about buying or selling in 2019, We’d be happy to talk about our local market conditions and your specific situation. 

 

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585. 

 

If you’d like to read the full report, click here

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RE/MAX National Housing Report for November 2018

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Extremely Low Inventory Improves as Sales Drop for Fourth Month

 

Years of shrinking inventory gave way in November to a second consecutive month of year-over-year growth in the number of homes for sale, according to the RE/MAX National Housing Report. The apparent reason: Home sales declined for the fourth consecutive month when compared to the same months in 2017. Even so, home prices remained strong.


Across the 53 metro areas surveyed, inventory rose 3.0% – the highest monthly year-over-year gain in the 10-year history of the report, following October’s 1.0% increase that ended a streak of 119 months of year-over-year declines dating back to November 2008. The Months Supply of Inventory rose to 3.9, the highest for any month since 4.2 in December 2016.

November home sales, meanwhile, declined 6.9%, which was the second-largest year-over-year decline of 2018 and the biggest year-over-year sales decline for November in five years. This year only April and July sales exceeded 2017 totals for the corresponding months.

“The road to market normalization can be bumpy,” said RE/MAX CEO Adam Contos. “It’s good to see the small uptick in inventory, and the drop in November sales isn’t too surprising – given the recent trends, the mid-term elections, and the earlier-than-usual Thanksgiving holiday. As we near year-end, three main themes appear clear – buyers are grappling with affordability issues and tight inventory; sellers are unsure how to react to the cooling market; and homes priced properly are still selling rather quickly. All three underscore the fact that the guidance of a professional agent is even more critical in times like these.”

November’s Median Sales Price of $235,000 was 4.0% higher than November 2017 and was the highest November price in the report’s history. It marked the 32nd consecutive month of yearover-year price increases. Comparing the first 11 months of 2018 to 2017, home prices are up 6.0%.

Even with declining sales, homes sold at record speed for November. Homes spent an average of 51 Days on Market, compared to the previous November low of 54 days set last year.

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585. 

 

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RE/MAX National Housing Report for October 2018

Inventory is up. Sales decline. Could the market be balancing?

 

I hope your holiday season is off to a great start and full of laughter and fun. Those of you wishing for a more balanced housing market might be slowly getting what you’re looking for according to the RE/MAX National Housing Report.

 

Here are three key takeaways from this month’s report:

 

1.) Year-Over-Year home sales dropped 4.6% in October - that’s the third month in a row.

2.) Inventory increased for the first time in a decade according to the housing report.

3.) Sales prices in October were one of the lowest increases in 2018.

 

You can read the full report here.

 

All of this points to better news for buyers this holiday season as the “market moves towards equilibrium” according to Adam Contos, CEO of RE/MAX. If you have a moved planned for the holiday season or want to start preparing for a move in 2019, I’d be happy to meet with you to talk about what you can do now to help begin the process.

 

At RE/MAX Flagstaff, our dedicated REALTORS® are driven to serve you and are committed to success. Please let us know how we can assist you with your real estate needs. Call us at (386) 246-8585. 

 

I hope you have a wonderful holiday season. Jimmy Millhollin

 

 

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