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RE/MAX: April Home Sales Flat, Prices Improving
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You're Now Reading:
RE/MAX: April Home Sales Flat, Prices Improving
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
RE/MAX: April Home Sales Flat, Prices Improving
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May 18, 2012 (Jeff Alan)

Home purchases were primarily flat from March to April, but still beat the previous year’s tally for the tenth consecutive month, while home prices continued to gain strength, exceeding the previous year’s prices for the third consecutive month according to RE/MAX’s National Housing Report (NHR).

Closed transactions of home purchases increased a modest 0.1 percent from March to April but were 4.1 percent higher than in April 2011, the tenth consecutive month home sales have increased year-over-year.

Thirty-nine out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 33 metro areas in March. Milwaukee, WI (+38.4%), Albuquerque, NM (+30.2%), Nashville, TN (+26.2%), Providence, RI (+21.7%), Des Moines, IA (+21.4%), and Chicago, IL (+19.8%) recorded the highest year-over-year gains in closed transactions in April. In all, 18 metro areas saw double digit increases.

The median sales price of homes sold in April was 3.2 percent higher than in the previous month of March, increasing from $184,525 to $190,110. The median sales price was 5.9 percent higher than the median price of $179,386 in April of 2011. It was the third consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-three of the 53 metro areas posted higher sales prices in April than they did a year earlier, up from 36 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+25.4%), Detroit, MI (+25.4%), Miami, FL (+24.0%), Denver, CO (+15.0%), Omaha, NE (+14.9%), and Tampa, FL (+14.7%).

The average number of days it took to sell a home in April was 96, five days less than in March. The average month’s supply of inventory in April was 5.3, unchanged from March and down from a 7.1 months supply of homes in April 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 3.7 percent from March and 25.2 percent from April 2011. It was the 22nd consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “It’s encouraging to see several improving economic and housing indicators, which are pointing to a continuing real estate recovery. While home prices are still low and interest rates remain at historically low levels, it’s likely that many more potential homebuyers will leave the sidelines and jump into this market.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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Tips
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Calculator
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Rates

May 18, 2012 (Jeff Alan)

Home purchases were primarily flat from March to April, but still beat the previous year’s tally for the tenth consecutive month, while home prices continued to gain strength, exceeding the previous year’s prices for the third consecutive month according to RE/MAX’s National Housing Report (NHR).

Closed transactions of home purchases increased a modest 0.1 percent from March to April but were 4.1 percent higher than in April 2011, the tenth consecutive month home sales have increased year-over-year.

Thirty-nine out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 33 metro areas in March. Milwaukee, WI (+38.4%), Albuquerque, NM (+30.2%), Nashville, TN (+26.2%), Providence, RI (+21.7%), Des Moines, IA (+21.4%), and Chicago, IL (+19.8%) recorded the highest year-over-year gains in closed transactions in April. In all, 18 metro areas saw double digit increases.

The median sales price of homes sold in April was 3.2 percent higher than in the previous month of March, increasing from $184,525 to $190,110. The median sales price was 5.9 percent higher than the median price of $179,386 in April of 2011. It was the third consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-three of the 53 metro areas posted higher sales prices in April than they did a year earlier, up from 36 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+25.4%), Detroit, MI (+25.4%), Miami, FL (+24.0%), Denver, CO (+15.0%), Omaha, NE (+14.9%), and Tampa, FL (+14.7%).

The average number of days it took to sell a home in April was 96, five days less than in March. The average month’s supply of inventory in April was 5.3, unchanged from March and down from a 7.1 months supply of homes in April 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 3.7 percent from March and 25.2 percent from April 2011. It was the 22nd consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “It’s encouraging to see several improving economic and housing indicators, which are pointing to a continuing real estate recovery. While home prices are still low and interest rates remain at historically low levels, it’s likely that many more potential homebuyers will leave the sidelines and jump into this market.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

May 18, 2012 (Jeff Alan)

Home purchases were primarily flat from March to April, but still beat the previous year’s tally for the tenth consecutive month, while home prices continued to gain strength, exceeding the previous year’s prices for the third consecutive month according to RE/MAX’s National Housing Report (NHR).

Closed transactions of home purchases increased a modest 0.1 percent from March to April but were 4.1 percent higher than in April 2011, the tenth consecutive month home sales have increased year-over-year.

Thirty-nine out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 33 metro areas in March. Milwaukee, WI (+38.4%), Albuquerque, NM (+30.2%), Nashville, TN (+26.2%), Providence, RI (+21.7%), Des Moines, IA (+21.4%), and Chicago, IL (+19.8%) recorded the highest year-over-year gains in closed transactions in April. In all, 18 metro areas saw double digit increases.

The median sales price of homes sold in April was 3.2 percent higher than in the previous month of March, increasing from $184,525 to $190,110. The median sales price was 5.9 percent higher than the median price of $179,386 in April of 2011. It was the third consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-three of the 53 metro areas posted higher sales prices in April than they did a year earlier, up from 36 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+25.4%), Detroit, MI (+25.4%), Miami, FL (+24.0%), Denver, CO (+15.0%), Omaha, NE (+14.9%), and Tampa, FL (+14.7%).

The average number of days it took to sell a home in April was 96, five days less than in March. The average month’s supply of inventory in April was 5.3, unchanged from March and down from a 7.1 months supply of homes in April 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 3.7 percent from March and 25.2 percent from April 2011. It was the 22nd consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “It’s encouraging to see several improving economic and housing indicators, which are pointing to a continuing real estate recovery. While home prices are still low and interest rates remain at historically low levels, it’s likely that many more potential homebuyers will leave the sidelines and jump into this market.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.