National Housing Report – June 2015

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RE/MAX has released their housing data for the month of May 2015.  Overall the national housing market has improved since May 2014 with most metrics trending in the right direction.  Overall sales have increased by 3.5% along with Median Sale price which rose by 7.8%!  Average Days on Market dropped slightly to 64 days.  But total homes for sale dropped 11.7%.  A drop in inventory can lead to increased prices but with interest rates expected to rise we will have to see how much a drop in inventory will change prices.

Want to know more about the local market?  Give a call and we would be happy to discuss it with you!  201-446-8190

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