Skip to main content

RE/MAX: 8.9 Percent Home Sales Growth in May

Jun 19, 2015

Last month was a hot time for home sales, according to the latest RE/MAX National Housing Report. Indeed, May’s volume was greater than in any other May since RE/MAX began tracking monthly home sales in 2008.

According to RE/MAX, completed transactions in May were 8.9 percent above April’s level and 3.5 percent higher than the level set in May 2014. Thirty-eight of the 53 metro areas tracked by RE/MAX reported higher sales on a year-over-year basis, with 11 reporting double-digit increases.

The median sales price in May was $212,910, up 4.4 percent month-over-month and up 7.8 percent year-over-year – and May marked the 40th consecutive month of year-over-year increases in the median sales price. All but three of the 53 metro areas in the report reported higher prices than one year ago, with 12 rising by double-digit percentages.

Completed transactions in May were 8.9 percent higher than in April and 3.5 percent higher than in May 2014. The inventory level in May saw a slight 0.4% increase from April’s level.

“Many positive factors are contributing to a strong housing market this year,” said Dave Liniger, CEO and chairman at RE/MAX LLC. “Job growth and wages are slowly improving, while rents are increasing rapidly and mortgages are becoming much more accessible. When these factors are coupled with continuing low interest rates, the result is a growing number of consumers with the confidence to buy or sell a home.”

About the author
Published
Jun 19, 2015
Fed Holds Rates Steady As Economic Growth Stays Solid

Move comes amid mounting pressure, frustration from President Trump

Guild Mortgage To Go Private In $1.3B Deal With Bayview Asset Management

Guild to remain independent post-acquisition, strengthening national retail and servicing strategy

Jun 18, 2025
Rocket Pro And Vetted VA Join Forces

What started as a Facebook group now educates 100K+ veterans monthly — Vetted VA and Rocket Pro working to bring ethics, clarity to a broken system

Jun 17, 2025
MBA Urges Shift To Single Credit Report Model, Citing Cost Savings And Efficiency

MBA says tri-merge credit checks cost lenders up to $100 per loan, doubling since pre-COVID, as industry pushes for a cheaper, single-report model

Jun 16, 2025
Fairway Acquires Hallmark Home Mortgage Through Asset Purchase

Hallmark to become new Fairway division, gets access to Fairway's Fairway's product portfolio, tech, and support resources

Jun 13, 2025
Trigger Leads Bill Clears Senate

Final push now left to House; reconciled bill needed next