RE/MAX: August Home Sales Up 2.8 Percent – NMP Skip to main content

RE/MAX: August Home Sales Up 2.8 Percent

Sep 15, 2017
Three new data reports on the state of the national housing environment offers a startling consideration of how far housing has moved in the last decade

The overall average number of home sales in August was 2.8 percent above July’s level but 0.84 percent below the levels set in August 2016, according to new data from RE/MAX. Twenty-four of the 54 metro areas surveyed by RE/MAX experienced an increase in sales year-over-year.
 
The national median sales price in August was $236,475, down 1.3 percent from July up 5.4 percent from August 2016. Nine metro areas saw double-digit year-over-year increases, while three saw a year-over-year decrease: Anchorage (down 1.5 percent), Augusta, Maine (down 1.4 percent) and Hartford, Conn. (down 1.4 percent).
 
The national inventory level shrank by 3.9 percent from July and dropped 13.7 percent from one year earlier. The months’ supply of inventory in August was 3.1 percent, and the average days on the market was 47.
 
“Overall, we’re still seeing home prices rise year-over-year at just above historical averages—even with slightly declining nationwide prices in August, which is an expected annual pattern,” said Adam Contos, RE/MAX Co-CEO. “The data shows that home hunters continue to experience very limited inventory and increased competition, and home sellers are benefiting from quick sales for top dollar.”

 
About the author
Published
Sep 15, 2017
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026