“Housing demand remains strong late into the Fall season,” reports Linda O’Koniewski, CEO of RE/MAX Leading Edge. “Sellers considering putting their home on the market shouldn’t wait. High demand and low competition means more money in the seller’s pockets. Conversely, buyers looking to trade-up to higher priced homes are in the driver’s seat as luxury homes are staying on the market longer.”
The latest 12 months sales of single-family homes in the RE/MAX Leading Edge service area decreased -1.9% year-over-year. Inventory remains down -24.6%. The number of days on market is also down -22.9% while median sale prices remain up +9.4% at $580,000.