This Month In Real Estate : July 2018
The Indigo Skye Group is happy to bring you the Real Estate News update for July 2018. Each month we share on our blog and social media networks the latest information and market insights we have available. In this update you get a birds-eye view of home sales, home prices, inventory and the most popular mortgage types and rates.
Here are just a few of the national real estate numbers we’re tracking for you right now. Click to the image below to watch the video.
The median home price increased to $264,800 in May, which was up 2.7 percent from April and up 4.9 percent from May of last year. The median home price has increased by approximately $12,300 in the past year alone.
The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.43 million homes during the month of May. This was a decrease of 0.4 percent from April and a decrease of 3.0 percent from May of last year.
There was a 4.0-month supply of housing inventory in May, which was flat from April. The total number of available homes for sale has decreased by 4.8 percent compared to May of last year.
Related article: Why we are not heading toward a housing bubble….
Thanks for stopping by the Indigo Skye Group blog! Be sure to check the blog weekly for more informational and educational articles about real estate.