Skip to main content

RE/MAX: Median Sales Price Hits Record High

Phil Hall
Jul 14, 2017
June home sales were up 7.5 percent from May and were up 1.4 percent on a year-over-year measurement

June home sales were up 7.5 percent from May and were up 1.4 percent on a year-over-year measurement, according to the latest RE/MAX National Housing Report. Thirty of the 53 metro areas tracked by RE/MAX experienced year-over-year sales increase.
 
The June median sales price of $245,000 was the highest in the history of RE/MAX report. The June price level was up 5.6 percent from May and up 7.5 percent from June 2016. Ten metro areas increased by double-digit percentages, with the largest increases seen in Las Vegas and Nashville at 13.7 percent each.
 
The average number of days on the market for homes sold in June was 47, down four days from the average in May 2017 and down seven days from the June 2016 average. The number of homes for sale last month up 1.2 percent from May but down 15.2 percent from June 2016. And the months’ supply of inventory was 2.8, compared to May at 2.6 and June 2016 at 3.2. During June, 52 of the 53 metro areas surveyed reported their months’ supply was less than 6.0, which is typically considered a seller’s market—only Miami, with a 6.4-month supply, was above the 6.0 mark.

 
Published
Jul 14, 2017
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

7 p.m. UPDATE: Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Wholesale
Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021