Check out the national numbers for September!
The Indigo Skye Group is happy to bring you the Real Estate News update for September 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.
According to the National Association of REALTORS®, existing-home sales subsided for the fourth straight month in July to their slowest pace in over two years. In many areas, potential buyers may be priced out or finding a limited amount of available homes for sale in their desired neighborhood.
The median home price increased to $269,600 in July, which was down 1.5 percent from June and up 4.5 percent from July of last year. The median home price has increased by approximately $11,500 in the past year alone.
INVENTORY – MONTH’S SUPPLY
There was a 4.3-month supply of housing inventory in July, which has been stable since June. The total number of available homes for sale has increased by 2.4 percent compared to July of last year.
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.