September hit its seasonal trend and home sales went down 8.6% compared to August. However, they are still 6.8% higher than last September and the number of completed transactions were the highest seen for September in 7 years. The median sales price for homes this September was $209,000, which is 7.2% higher than the previous year.
“Home sales usually cool down in the fall and it looks like this year is no exception, but September is falling right in line with the summer months with sales much higher than last year. Prices are also moderating on a month-to-month basis, and mortgage rates remain low. This translates to more attractive home affordability.”
– Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder
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