RE/MAX NATIONAL HOUSING REPORT FOR AUGUST 2024
RE/MAX's National Housing Report for August 2024 reveals a mixed market. New listings increased 1.6% month-over-month and 7.9% year-over-year, while home sales declined 3.3% from July and 3.8% year-over-year. The median sales price dropped 1.1% to $440,000 but remained 3.5% higher than August 2023. Inventory grew for the sixth consecutive month, up 2.4% from July and 37.6% year-over-year.
Key highlights:
- Buyers paid 99% of asking price
- Days on market increased to 38
- Months' supply of inventory rose to 2.4
Phoenix, AZ saw the largest increase in new listings at 25.0% year-over-year. The market shows resilience with continued price growth, offering opportunities for both buyers and sellers.
Il Rapporto Nazionale sul Settore Abitativo di RE/MAX per agosto 2024 rivela un mercato misto. I nuovi annunci sono aumentati dell'1,6% mese dopo mese e del 7,9% rispetto all'anno precedente, mentre le vendite di case sono diminuite del 3,3% rispetto a luglio e del 3,8% su base annua. Il prezzo di vendita mediano è sceso dell'1,1% a $440.000, ma è rimasto superiore del 3,5% rispetto ad agosto 2023. L'inventario è aumentato per il sesto mese consecutivo, con un incremento del 2,4% rispetto a luglio e del 37,6% rispetto all'anno precedente.
Punti salienti:
- Gli acquirenti hanno pagato il 99% del prezzo richiesto
- I giorni sul mercato sono aumentati a 38
- Il numero di mesi di approvvigionamento è salito a 2,4
Phoenix, AZ ha registrato il maggior incremento di nuovi annunci con un +25,0% su base annua. Il mercato mostra resilienza con una continua crescita dei prezzi, offrendo opportunità sia per gli acquirenti che per i venditori.
El Informe Nacional de Vivienda de RE/MAX para agosto de 2024 revela un mercado mixto. Los nuevos anuncios aumentaron un 1,6% de un mes a otro y un 7,9% en comparación con el año anterior, mientras que las ventas de viviendas cayeron un 3,3% en comparación con julio y un 3,8% interanual. El precio de venta mediano cayó un 1,1% a $440,000, pero sigue siendo un 3,5% más alto que en agosto de 2023. El inventario creció por sexto mes consecutivo, con un incremento del 2,4% con respecto a julio y del 37,6% en comparación con el año anterior.
Puntos clave:
- Los compradores pagaron el 99% del precio de venta
- Los días en el mercado aumentaron a 38
- El suministro de inventario aumentó a 2,4 meses
Phoenix, AZ tuvo el mayor aumento en nuevos anuncios con un 25,0% interanual. El mercado muestra resiliencia con un crecimiento continuo en los precios, ofreciendo oportunidades tanto para compradores como para vendedores.
RE/MAX의 2024년 8월 국가 주택 보고서는 혼합 시장을 나타냅니다. 새로운 매물은 전월 대비 1.6% 증가했으며, 전년 대비 7.9% 상승했습니다. 반면, 주택 판매는 7월 대비 3.3%, 전년 대비 3.8% 감소했습니다. 중위 판매 가격은 1.1% 하락해 $440,000에 이르렀지만, 2023년 8월보다 3.5% 높은 수준을 유지하고 있습니다. 재고는 6개월 연속 증가하여 7월 대비 2.4%, 전년 대비 37.6% 증가했습니다.
주요 하이라이트:
- 구매자는 요청 가격의 99%를 지불했습니다
- 시장에 있는 날 수는 38일로 증가했습니다
- 재고의 공급량은 2.4개월로 올라갔습니다
피닉스, AZ는 전년 대비 25.0%로 새로운 매물이 가장 많이 증가했습니다. 시장은 지속적인 가격 상승으로 회복력을 보여주며, 구매자와 판매자 모두에게 기회를 제공합니다.
Le Rapport National sur le Logement de RE/MAX pour août 2024 révèle un marché mixte. Les nouvelles annonces ont augmenté de 1,6% par rapport au mois précédent et de 7,9% par rapport à l'année dernière, tandis que les ventes de maisons ont diminué de 3,3% par rapport à juillet et de 3,8% par rapport à l'année précédente. Le prix de vente médian a baissé de 1,1% à 440 000 $, mais reste supérieur de 3,5% à celui d'août 2023. L'inventaire a augmenté pour le sixième mois consécutif, avec une hausse de 2,4% par rapport à juillet et de 37,6% par rapport à l'année précédente.
Points clés :
- Les acheteurs ont payé 99% du prix demandé
- Les jours sur le marché ont augmenté à 38
- Le stock de mois d'inventaire a augmenté à 2,4
Phoenix, AZ a connu la plus forte augmentation de nouvelles annonces avec 25,0% par rapport à l'année précédente. Le marché montre une résilience avec une croissance continue des prix, offrant des opportunités tant pour les acheteurs que pour les vendeurs.
Der nationale Wohnungsbericht von RE/MAX für August 2024 zeigt einen gemischten Markt. Neue Angebote stiegen um 1,6% im Vergleich zum Vormonat und um 7,9% im Vergleich zum Vorjahr, während die Verkaufszahlen um 3,3% gegenüber Juli und um 3,8% im Jahresvergleich zurückgingen. Der
Wichtige Highlights:
- Käufer zahlten 99% des Angebotspreises
- Die Tage auf dem Markt stiegen auf 38
- Die Monatsversorgung des Inventars stieg auf 2,4
Phoenix, AZ verzeichnete den größten Anstieg neuer Angebote mit 25,0% im Jahresvergleich. Der Markt zeigt Widerstandsfähigkeit mit anhaltendem Preiswachstum und bietet sowohl Käufern als auch Verkäufern Möglichkeiten.
- None.
- None.
New Listings Pick Up, While Fewer Homes Sell and For Less
Meanwhile, home sales declined
The median sales price dropped for the second consecutive month to
Inventory continued to grow for the sixth consecutive month. It was up
"While we saw a slight dip in sales month-over-month, the market continues to show resilience with some year-over-year price growth," said Amy Lessinger, President of RE/MAX, LLC. "The rise in new listings signals that more homeowners are recognizing the value of listing in today's environment. Buyers and sellers alike can find opportunity, especially with a steady flow of homes entering the market."
Other metrics of note:
- Buyers paid
99% of the asking price in August, same as both July 2024 and August 2023. - Days on Market lengthened by two days over July to 38 days and was five days more than August 2023.
- Months' supply of inventory was 2.4 in August, up from 2.2 in July and 1.7 in August 2023.
Highlights and local market results for August include:
New Listings
In the 49 metro areas surveyed in August 2024, the number of newly listed homes was up
New Listings: | |||
Market | Aug 2024 | Aug 2023 | Year-over-Year % Change |
8,029 | 6,424 | +25.0 % | |
3,253 | 2,615 | +24.4 % | |
441 | 359 | +22.8 % | |
4,092 | 3,399 | +20.4 % | |
14,019 | 11,825 | +18.6 % | |
Closed Transactions
Of the 49 metro areas surveyed in August 2024, the overall number of home sales was down -
Closed Transactions: | |||
Market | Aug 2024 | Aug 2023 | Year-over-Year % Change |
189 | 249 | -24.1 % | |
5,213 | 5,797 | -10.1 % | |
3,292 | 3,638 | -9.5 % | |
6,056 | 6,670 | -9.2 % | |
6,561 | 7,226 | -9.2 % | |
Median Sales Price – Median of 49 metro area prices
In August 2024, the median of all 49 metro area sales prices was
Median Sales Price: | |||
Market | Aug 2024 | Aug 2023 | Year-over-Year % Change |
+14.1 % | |||
+10.3 % | |||
+8.5 % | |||
+8.5 % | |||
+8.0 % | |||
Close-to-List Price Ratio – Average of 49 metro area prices
In August 2024, the average close-to-list price ratio of all 49 metro areas in the report was
Close-to-List Price Ratio: | |||
Market | Aug 2024 | Aug 2023 | Year-over-Year Difference* |
94.5 % | 95.0 % | -0.5 pp | |
96.5 % | 97.3 % | -0.8 pp | |
97.0 % | 97.6 % | -0.6 pp | |
97.1 % | 97.9 % | -0.8 pp | |
97.1 % | 96.7 % | +0.4 pp | |
*Difference displayed as change in percentage points | |||
Days on Market – Average of 49 metro areas
The average days on market for homes sold in August 2024 was 38, up two days compared to the average in July 2024, and up five days compared to August 2023. The highest days on market averages were in
Days on Market: | |||
Market | Aug 2024 | Aug 2023 | Year-over-Year % Change |
76 | 70 | +8.9 % | |
67 | 61 | +9.7 % | |
65 | 51 | +27.7 % | |
63 | 61 | +4.4 % | |
63 | 50 | +25.1 % | |
Months' Supply of Inventory – Average of 49 metro areas
The number of homes for sale in August 2024 was up
Months' Supply of Inventory: | |||
Market | Aug 2024 | Aug 2023 | Year-over-Year % Change |
5.4 | 2.8 | +94.3 % | |
4.9 | 3.7 | +31.8 % | |
4.8 | 3.7 | +30.6 % | |
3.9 | 1.9 | +102.2 % | |
3.9 | 3.3 | +19.1 % | |
About the RE/MAX Network
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in nearly 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit news.remax.com.
Report Details
The RE/MAX National Housing Report is distributed monthly on or about the 15th. The Report is based on MLS data for the stated month in 49 metropolitan areas, includes single-family residential property types, and is not annualized. For maximum representation, most of the largest metro areas in the country are represented, and an attempt is made to include at least one metro area in almost every state. Metro areas are defined by the Core Based Statistical Areas (CBSAs) established by the
Definitions
Closed Transactions are the total number of closed residential transactions during the given month. Months' Supply of Inventory is the total number of residential properties listed for sale at the end of the month (current inventory) divided by the number of sales contracts signed (pending listings) during the month. Where "pending" data is unavailable, an inferred pending status is calculated using closed transactions. Days on Market is the average number of days that pass from the time a property is listed until the property goes under contract. Median Sales Price for a metro area is the median sales price for closed transactions in that metro area. The nationwide Median Sales Price is calculated at the nationwide aggregate level using all sale prices from the included metro areas. The Close-to-List Price Ratio is the average value of the sales price divided by the list price for each closed transaction.
MLS data is provided by Seventy3, LLC, a RE/MAX Holdings company. While MLS data is believed to be reliable, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Every month, the previous period's data is updated to ensure accuracy over time. Raw data remains the intellectual property of each local MLS organization.
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SOURCE RE/MAX, LLC
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