Monthly Market Update: January 2012
Unit sales were at historic or near historic levels throughout 2011. The big news is that 2011 total unit sales represent the 2nd highest performing year, off only 4% from 2005 which is described as the peak. Year end 2011 unit sales (5,899) are up 10% over 2010 unit sales (5,361). Beginning in 2008, year end unit sales numbers have consistently out-performed the previous year’s sales. Lower inventory is a signal that price declines may be coming to an end and a sign of pent up demand.
Click the link below for the complete report:
January 2012 Monthly Market Update
Ten Predictions for Real Estate in 2012
RE/MAX Chairman and Co-Founder Dave Liniger offers his Top Ten Predictions for the real estate market in the United States on You Tube. Check it it out at the link below:
