RE/MAX National Housing Report: March Home Sales Rebound, Prices Rise Higher
For the first time in 2014, March saw home sales increase over the previous month. While sales were 10.1% below the levels of one year ago, they rose a significant 24.6% higher than February sales. Every one of the 52 metro areas surveyed for the March RE/MAX National Housing Report saw an increase in sales over February. The median price of homes sold in March was 8.8% higher than the median price in March 2013. A continuing low inventory of homes for sale has pressured prices to rise, especially in markets that have experienced an accelerated recovery. On a year-to-year basis, March became the 12th consecutive month with fewer inventory losses than the previous month. At the rate of sales in March, the Months Supply of inventory fell to 4.1, where a supply of 6.0 indicates a market balanced equally between buyers and sellers.
"RE/MAX vs. the Industry" Shows Competition Doesn’t Come Close
RE/MAX LLC has released a new report showing how RE/MAX compares to other national real estate brands/companies within the industry. The newly released 2014 report shows RE/MAX in a strong lead in transaction sides, brand awareness and national advertising.
RE/MAX North Central Releases Two New Housing Reports
RE/MAX North Central has released two new outstate housing reports compiling February year-over-year data for the Park Rapids, MN area and the Greater Northwoods, WI area. These reports show year-over-year data for February in regards to number of homes sold and average sold price.
Both the Park Rapids and Greater Northwoods area have seen decreases in both homes sold and the average sale price. The Park Rapids area saw a decrease of -50% in homes sold and a decrease of -7.21% in average sold price. The Greater Northwoods area followed suit (while not as significant as Park Rapids) with a decrease of -7.94% in homes sold and a decrease of -1.21% in the average sold price.
RE/MAX Releases National Housing Report (February 2014 Data)
Weather, Inventory Push Home Sales Lower, Prices Higher
February home sales slowed in February, while prices increased by double digits over last year. The March RE/MAX National Housing Report, a survey of MLS data in 52 metropolitan areas, found the February results to be nearly identical to January. Just like January, the median home price rose 11.6% compared to the same month in 2013, and is now at $180,450. Home sales dropped by 8.8%, compared to January’s year-to-year loss of 7.1%. Unusually harsh winter storms impacted appraisals, inspections and closings. Even though inventory losses have been shrinking, low inventories in many metro areas had a negative impact on sales. Even at the rate of February sales, the corresponding Months Supply of inventory of 5.1 isn’t significantly below the 6.0 level of a market balanced between buyers and sellers. When measured on a year-to-year basis, February became the 11th consecutive month with fewer inventory losses than the previous month.
RE/MAX North Central Releases Four New Housing Reports
RE/MAX North Central has released four new outstate housing reports compiling October year-over-year data for the Bemidji area, Brainerd area, Park Rapids area and Douglas County (Alexandria area), Minnesota.
Douglas County and Park Rapids area are both up in homes sold and average sale price. Douglas County saw in increase of 11.99% in homes sold and 8% in average sale price while Park Rapids was up 5.72% in homes sold and 7.43% in average sale price. The Bemidji and Brainerd areas are both down in homes sold, but up in sold price.
In Wisconsin, South Central Wisconsin has seen a 12.8% increase in homes sold, and a 7.84% increase in average sale price. Northeast Wisconsin also saw increases in both areas with an 11.16% in homes sold, and 3.9% in average sale price. The Greater Northwoods is up 10.74% in homes sold, but down slightly in average sale price by -4.73%.
RE/MAX Releases National Housing Report (October 2013 Data)
Home Prices Continue Rising, Sales Steady- OCTOBER 2013 HOUSING DATA The October RE/MAX National Housing Report found a 2.8% monthly decrease in sales, but also found a 2.2% increase from sales in October last year. October becomes the 28th consecutive month reporting higher sales than the same month in the previous year. For the most part, normal seasonal trends are responsible for slowing month-to-month changes in home sales. Of the 52 metro areas surveyed in October, 35 reported higher sales than in October 2012, with 19 reporting double-digit gains.
DENVER – RE/MAX, LLC has sold the master franchise rights for the country of Japan, the world’s third-largest economy. This addition increases the significant RE/MAX presence in Asia, further solidifying the largest global reach of all U.S. real estate franchises.The newly formed region, RE/MAX Japan, is owned by Generation Group, LLC, which has a leadership team experienced in real estate and finance. They are poised to expand the RE/MAX network throughout the island nation of more than 126 million.
“RE/MAX is an extraordinary brand that is recognized and respected around the world,” said John Fou, Managing Member of Generation Group, LLC. “We are proud to be part of a talented team that will bring RE/MAX professionalism and quality customer service to the people of Japan.”
RE/MAX welcomes Japan to an expansive international footprint that extends throughout Europe, South America, Africa, Australia, China and beyond. This week, the RE/MAX Japan ownership group is joining other regional owners for the first annual RE/MAX Pacific Rim Summit, being held in Hong Kong. Attendees represent nine countries in the region with RE/MAX tenure ranging from recent launch to more than 10 years.
“We’re incredibly pleased to bring the RE/MAX level of customer service to the current and future homeowners of Japan,” said Margaret Kelly, RE/MAX CEO. “We found the perfect leadership team and we’re honored to have them attend the RE/MAX Pacific Rim Summit to experience our commitment to franchisee support.”
The RE/MAX Global Franchise and Business Solutions team will spend the next several months training the new region owners on the RE/MAX system in preparation for the opening of the first office in Japan in early 2014.
DENVER – For the fifth consecutive year, RE/MAX, LLC ranked as the leading real estate franchise organization in the
Franchise Times Top 200. The survey is based upon annual worldwide sales.
In the 2013 Top 200 ranking, RE/MAX placed 14th among all franchises, gaining two places over its standing last year. RE/MAX also ranked 6th among the Top 200 franchisors for sales growth. In the overall standings, the top ranked franchises were McDonald’s, 7-Eleven, KFC, SUBWAY and Burger King.
“To be recognized among these well-respected brands is truly an honor,” said Margaret Kelly, RE/MAX CEO.
“As we continue to celebrate 40 years of helping homebuyers and sellers achieve their dream of home ownership, this confirms the outstanding productivity of RE/MAX agents around the world.” This year marks the 40th anniversary for RE/MAX and the 35th anniversary of its iconic hot air balloon logo. Buoyed by the U.S. housing recovery and improving economic conditions worldwide, the global franchisor now enjoys an international footprint in more than 90 countries and a growing agent count of more than 90,000.
“Our success as a top franchisor is a direct reflection of our hardworking and talented Sales Associates around the world,” Kelly said.
“They proudly provide a high level of customer service, and that results in increasing sales performance.”
Throughout 2013, RE/MAX has been recognized as an industry leader in a variety of real estate surveys. RE/MAX agents averaged more transaction sides than agents with any other national brand according to the 2013 RIS Media Power Broker Report. And in the 2013 REAL Trends 500 survey, RE/MAX agents averaged 17.1 transaction sides in 2012, compared to the 7.9 average for all other competing agents in the survey.
Among other 2013 recognition, RE/MAX Associates held 98 of the 500 spots in the Wall Street
Journal & REAL Trends “The Thousand” for the most transaction sides. And RE/MAX landed the most agents on the Top 250 Latino Real Estate Agents in the U.S., an annual survey by the National Association of Hispanic Real Estate Professionals.
Explore opportunities with RE/MAX by contacting: Chris Schwartz - RE/MAX North Central
3800 American Blvd West, Suite 740 Bloomington, MN 55431
(952) 897-0447 -T | (952) 897-0448 - F | Email me:firstname.lastname@example.org