“Buyers are eager to hit the market and find their home-sweet-home. They are more informed and better prepared to act quickly in this competitive market,” reports Linda O’Koniewski, CEO of RE/MAX Leading Edge. “Sellers who are on the fence continue to be in the driver’s seat and should consider cashing in on their equity while interest rates are low.”
The latest 12 months sales of single-family homes in the RE/MAX Leading Edge service area increased +.7% year-over-year. Inventory remains down -20.4%. The number of days on market is also down -19.6% while median sale prices remain up +8.3% at $585,000.