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May 2018 was the hottest home buying season in history

June 8, 2018 by Russ

 May 2018 Was The Hottest Home Buying Season In HistoryHomes have been flying off the market across the country — oftentimes for above asking price — for quite some time now, with many real estate agents and experts saying it’s been unlike anything they’ve ever seen. Turns out, they were right.

A recent article from Realtor.com confirms that May 2018 was the hottest home buying month in history. According to the article, homes are spending 32 days less on the market than they were six years ago. Also, 39 of the top 50 markets across the country saw their lowest days on the market since 2012 (when Realtor.com started tracking pace of sales data).

Not only are homes flying off the market, but they’re selling for higher than ever before; the median listing price in May was $297,000—an increase of 8% over last spring. So if you’ve been thinking about selling your home, now is the time to make a move. Not only is it highly likely your property will move quickly, but it’s also likely you’ll fetch a higher price in the process.

Filed Under: News for Buyers, News for Sellers

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"As an out-of-state buyer, I needed to find the right person to be my local contact. And Russ was that person. He knows the area and had a lot of patience to show me around. He also did not push his opinion but was willing to give it to me when asked. The end result? With Russ’s help I have purchased the right home in the right area for the right price! I never could have done that without the expertise Russ brings to the process."
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Russ Fortuno

I'm a Southern Arizona native and full-time Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

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