RE/MAX Holdings, Inc. Announces Sales Results for the Month and Year to Date Ended December 2019; Provides Sales Guidance for the First Part of Year 2020
For the year to date, the company also posting a record was the inventory decline of 14.5% year-over-year, accompanied by corresponding drops in Months Supply of Inventory 3.3 versus 4.8 a year earlier and Days on Market 54 compared to 55 a year ago. Year-over-year, sales were up five months in 2019, with the majority occurring in the back half of the year. Inventory, meanwhile, grew year-over-year in each of the first six months, then shrunk in each of the last six months.
The company expects sales to continue at a solid pace into the first part of this year.