| February 2019 Market Update |
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According to the National Association of REALTORS®, existing home sales experienced a decrease in December after two consecutive months of increases. While the supply of homes is rising, a growing share of those homes may still be out of reach for some buyers. |
| Interest Rates |
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According to Freddie Mac, 30-year fixed rates decreased to 4.45 percent in December from 4.87 percent in November. This rate remains well below the historical average of 8.90 percent. |
| Home Sales |
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| The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of 4.99 million in December, down from 5.32 million in November, and 10.3 percent below the 5.56 million sales pace from a year ago. |
| Home Prices |
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| The median home price increased to $253,600 in December, up 2.9 percent from December 2017. The median home price has increased by approximately $7,100 in the past year alone. |
| Inventory |
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| There was a 3.7-month supply of housing inventory in December 2018, up since December 2017. The total number of available homes for sale has increased by 15.6 percent compared to December of last year. |
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| Brought to you by KW Research. For additional graphs and details, please see the This Month in Real Estate PowerPoint Report.The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed on This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate. |
Becoming a Home Maintenance Pro: Tips for Homeowners
