August home sales (the most recently reported) showed promising signs in major US cities as 18% more transactions were closed than in August a year before, according to the monthly RE/MAX National Housing Report.
Based on MLS data in 53 metro areas, the report found that August sales outpaced sales in June, which is traditionally the year's highest sales month. August sales were also up 3.7% higher than in July.
Despite some movement, total inventory remains almost 19% above August 2010 levels. If you're ready to buy, there is more on the market than ever before and lower rates than anyone has seen in decades. What are you waiting for?