The RE/MAX National Housing Report is distributed each month based on MLS data from approximately 53 metropolitan areas. To give the most complete report possible RE/MAX attempts to include at least one metro area from each state as well as the largest metro areas in the country.
This data is used to give accurate and up to date analysis of the housing market in the United States. The December publication reflects November 2012 information, which shows the housing market bouncing back with higher prices and number of sales!
“November home sales saw the second-highest year-over-year increase in 2012, with a 15.7% rise from last November. October had a 17.8% increase, making sales this fall season unusually high. The November RE/MAX National Housing Report, a survey of MLS data in 52 metropolitan areas, also shows that home prices rose 6.9% higher than the prices seen in November 2011. The Median Price for homes sold this November was $163,750. Rising prices are due mostly to a dwindling inventory, which continued to drop across the country. The average number of homes for sale is now 29.1% lower than last year. Low inventory levels are having a negative impact on home sales in many markets, where there are more buyers than homes for sale.”
Read the full report here: