RE/MAX finishes the summer strong
RE/MAX closed the 2013 summer selling season strong, with home sales and prices drastically higher when compared to year ago levels.
In addition, August marked the nineteenth month in a row in which both metrics were higher when compared to the previous month and year ago levels.
August home sales were up 6.5%, while the median price of $188,450 was 12.9% higher than August 2012 levels.
Furthermore, the rate of inventory decline from last year was 17.4%, less than the 20.7% decline observed in July.