We typically have to wait until March or even April to see the housing market begin to heat up. But with a record number of January home sales, it seems things are kicking into gear early this year. Here are key points from February’s report:
1. Homes are still selling fast
The average Days on Market for homes sold in January 2018 was 60, up three days from the average in December 2017, and down six days from the January 2017 average
2. Prices continue to rise
The median sales price of a home sold in January was $224,000. That’s nearly 7 percent higher than the median sales price in January 2017.
3. Home for sale are still in short supply
We still need more homes for sale. The number of homes for sale in January 2018 was down 4.8% from December 2017, and down 14.8% from January 2017.
4. Slightly fewer transactions occurred
Of the 53 metro areas surveyed in January 2018, the overall average number of home sales decreased 27.4% compared to December 2017 and decreased 2.8% compared to January 2017. But we’re already starting to see the selling season heat up and whether you’re planning to buy or sell or both, now’s the time to contact an agent.
Dig into the details of the ?February 2017 RE/MA?X National Housing Report??? in the infographic below.
Before you make an offer, be sure you love these five traits about your potential new place
You gaze longingly at the curb appeal and your heart flutters at the open kitchen, but is the home you're considering buying really The One? Before you make an offer, be sure you love these five, hard-to-change traits about your potential new place.
1. Square footage
Too small and you may quickly outgrow your new space. Too big can mean unnecessary energy bills and money spent furnishing space you never use. Aim for "just right."
2. Drive time
Be sure your daily commute won't leave you sitting in traffic, rethinking your relationship with your house. Consider driving to work from your potential home a couple times during rush hour to know what you're getting into.
Being able to stroll to shops, restaurants, parks and public transportation can really boost your quality of life. If it's important to you, check out your potential home's official walkability score at ?www.walkscore.com???.
Does the neighborhood include features that are critical to your particular lifestyle, like yoga studios, late night takeout options or a safe playground for your kids (or pups)?
5. Planes, trains and automobiles
If you travel frequently, consider how close your potential new home is to the airport, main highways or public transportation. Not a fan of planes flying overhead – or the noise of late-night trains passing by? Keep that in mind...
Proud to be a part of a brand that is ranked a top 5 franchise in the annual Entrepreneur Magazine Franchise Top 500. The #REMAXHustle never stops!
RE/MAX is ranked 5th among the 500 franchise companies included in the 2018 Entrepreneur Franchise 500® survey.
The accolades keep on coming for RE/MAX, and I’m honored to be a part of it.
The #1 name in real estate continued to outperform its competitors in Entrepreneur magazine’s recent Franchise 500 ranking. In addition to being ranked the #1 real estate franchise in the country – for the 15th time – RE/MAX also climbed into the survey’s Top Five of all franchises for the first time!
More than 1,000 franchisors applied for the 39th annual ranking. It’s a pretty impressive performance for RE/MAX and more proof that the #remaxhustle never stops.
Highlights of the 2018 Franchise 500 survey include:
- RE/MAX ranked #5 overall, up from #10 in 2017, #21 in 2016 and #75 in 2015
- RE/MAX ranked #1 among real estate franchises
- Other real estate competitors were Keller Williams Realty at #22, HomeVestors of America at #37, Weichert Real Estate Affiliates at #139, Realty One Group at #230, Realty Executives at #424 and United...