In May, both inventory and new listings grew to levels not seen since the second half of 2022. The number of homes for sale, as surveyed across 53 metro areas, also increased, rising 8.7% over April and 39.6% year over year. And for the third consecutive month, the number of new listings exceeded 2023 levels by double-digit percentages – 15.1% in May, 18.2% in April, and 17.6% in March.
RE/MAX®, the No. 1 name in real estate1, is proud to announce that nearly 2,500 RE/MAX agents and team leaders have been recognized on the 2024 RealTrends Verified Top Agents and Teams rankings for exceptional production in 20232. Of the nearly 22,000 participating U.S. agents and team leaders that qualified for the list, 2,495 – almost one of every eight – are RE/MAX affiliates. To qualify for the rankings, individual agents must have closed at least 40 transaction sides or $16 million in sales
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the real estate services stocks, including Anywhere Real Estate (NYSE:HOUS) and its peers.