| June 2020 Market Update |
|---|
 |
According to the National Association of REALTORS®, existing home sales decreased substantially in April 2020 over the previous month. |
| Interest Rates |
| |
According to Freddie Mac, 30-year fixed rates decreased from 3.31% to 3.24%. This rate remains well below the historical average of 8.90%. |
| Home Sales |
| |
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| The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of 4.33 million in April, down 17.8% from March and 16.9% below the 5.21 million sales pace from a year ago. |
| Home Price |
| |
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| The median home price increased to $286,800 in April, up 2.2% from March. The median home price has increased by 7.5% in the past year alone. |
| Inventory |
| |
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| There was a 4.1-month supply of housing inventory in April 2020 that has increased since March. The total number of available homes for sale has decreased by 2.4% compared to April of last year. |
Beginner's Guide to Composting
