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Home Sales In 2016 Best Since Recession

Nine Months Registered Better Year-Over-Year Sales


RE/MAX says most housing markets posted steady growth in sales in 2016 and have returned to their pre-recession levels. The real estate firm is also predicting a "solid" year in 2017.

In it January 2017 National Housing Report, the real estate firm RE/MAX has declared 2016 to be the best year in home sales since the recession. "Home sales in 2016 were the highest in the housing report's eight-year history, topping the sales of 2015, the previously strongest year," said David Liniger, RE/MAX's chairman of the board and CEO. "Nine months of 2016 posted sales greater than in the same months of 2015."

Of 53 metro areas surveyed, overall home sales fell 1.8 percent versus December 2015. However, sales in nearly half of the metro regions increased year-over-year, including three markets with double-digit hikes: Wilmington-Dover, Del., (+21.4 percent); Honolulu (+19.7 percent); and Augusta, Maine (+16.1 percent).

"Much like 2015, we saw a mostly healthy housing market in 2016 that posted steady growth in sales and prices," Liniger said. "We're back to pre-recession levels in many markets, with 2017 forecast to be another solid year."

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July 16, 2019, 12:25 pm PDT

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