National Housing Report for September 2018

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Home Sales tumble 12% as prices remain at record levels

"The big drop in September closings catches your attention. The market is clearly rebalancing as buyers and sellers continue to process the increasing interest rate environment and what that means to them. The slower drop in inventory - a visible trend for nearly half a year - further illustrates the ongoing shift toward market equalibrium, and that's healthy in the long-term."

- Adam Contos, RE/MAX CEO

home sales

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median sales price

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median of 52 metro median prices

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-11.6%

Closed Transactions

September 2018
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September 2017
-4.2%
August 2018
-1.1%

year-over-year change

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median sales price

median of 52 metro median prices

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months supply

a supply of 6 months is considered balanced

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days in market

number of days from listing to signed contract

September Calendar
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Average Days
August 2018 Calendar
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Average Days
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Average Days
3 Days Down
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