Low home inventory in February drove home prices up to a record high in the 9-year history of the RE/MAX National Housing Report. Here’s what you need to know from the March 2017 edition.
1. Inventory has been dropping since 2008
The active inventory of homes for sale across the country dropped 17.9 percent year-over-year in February. It’s the 100th consecutive month of year-over-year declines, dating back to October 2008.
“Inventory, not the rise in interest rates, remains the principal constraint on home sales,” said
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