RE/MAX: Sale-Price Drops Result In More Closings, Less Inventory
Summary
"Patient buyers were rewarded in August, as prices softened from July," said Nick Bailey, RE/MAX president and CEO. The activity modestly depleted inventory, although the number of homes for sale remains significantly higher than this time a year ago." All signs point to a more balanced market providing plenty of opportunities for buyers and sellers." Two metro areas saw a year-over-year decrease in median sales price: San Francisco, and Honolulu, Hawaii. Twenty metro areas increased year-over-year by double-digit percentages, led by Fayetteville, Ark.
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