Inventory Reduces Sales in September, but Helps Prices: RE/MAX

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The housing inventory shortage hasn’t stopped.

From DS News

 

Inventory Reduces Sales in September, but Helps Prices: RE/MAX

The median sales price for homes sold in September continued to move higher yearly and monthly while sales were stalled from the previous month, according to a housing report from RE/MAX, which tracks MLS data in 52 metropolitan areas. The median sales price in September was $164,989, a slight 0.7 percent increase from August and a 7.8 percent improvement from September 2011. Home sales experienced a typical seasonal decline and dropped 17.5 percent from August. » Read More

 

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