November 2017 Housing Report
Shorter days and tired buyers are cooling the housing market. Low inventory is the new normal. Smart buyers should seize the opportunity because the buyer pool is decreasing as their competition takes a break to retire for the holidays.
The latest 12 months sales of single-family homes in the RE/MAX Leading Edge service area increased .4% year-over-year. Inventory remains down -31.4%. The number of days on market is also down -26.5% while median sale prices remain up +9% at $577,500.