This Month in Real Estate: September 2018

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.

HOME SALES

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.

homes sales

HOME PRICES

home prices

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.

home prices

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.

home inventory

MORTGAGE RATES

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.

This Month In Real Estate : June 2018

This Month In Real Estate : June 2018

The Indigo Skye Group is happy to bring you the Real Estate News update for June 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.

HOME PRICES

The median home price increased to $257,900 in April, which was up 3.2 percent from March and up 5.3 percent from April of last year. The median home price has increased by approximately $12,900 in the past year alone.

 

HOME SALES

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.5 million homes during the month of April. This was a decrease of 2.5 percent from March and a decrease of 1.4 percent from April of last year.

 

INVENTORY – MONTH’S SUPPLY

There was a 4.0-month supply of housing inventory in April, which was an increase of 14.3 percent from March. The total number of available homes for sale has decreased by 2.4 percent compared to April of last year.

 

Mortgage Rates

 

 

Related article: Homeowners and Appraisers See Price Increases. 

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.

This Month in Real Estate: May 2018

Real Estate News for May 2018

The Indigo Skye Group is happy to bring you the Real Estate News update for May 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.

Real estate market insights update for may 2018

Home Prices

The median home price increased to $250,400 in March, which was up 3.9 percent from February and up 5.8 percent from March of last year. The median home price has increased by approximately $13,800 in the past year alone.

Home Sales

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.6 million homes during the month of March. This was an increase of 1.1 percent from February and a decrease of 1.2 percent from March of last year.

Home Inventory – Months Supply

There was a 3.6-month supply of housing inventory in March, which was an increase of 5.9 percent from February. The total number of available homes for sale has decreased by 5.3 percent compared to March of last year.

Mortgage Rates

 

Related article Selling Your House on Your Own Could Cost You.

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.

This Month in Real Estate: News for April 2018

Real Estate News for April 2018

Real estate news for April looks good. Home sales are up and the price of homes has increase. With a decreased number of homes in inventory, if you are looking to sell, now might be a good time to enter the market. See the details below.

HOME PRICES

The median home price increased to $241,700 in February, which was up 0.4 percent from January and up 5.9 percent from February of last year. The median home price has increased by approximately $13,500 in the past year alone.

 

HOME SALES

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.5 million homes during the month of February. This was an increase of 3.0 percent from January and an increase of 1.1 percent from February of last year.

 

INVENTORY – MONTH’S SUPPLY

There was a 3.4-month supply of housing inventory in February, which was flat from January. The total number of available homes for sale has decreased by 10.5 percent compared to February of last year.

 

REAL ESTATE NEWS ON THE MORTGAGE MARKET

  • The average 30-year fixed-mortgage rate is 4.41 percent, up 6 basis points since the same time last week. A month ago, the average rate on a 30-year fixed mortgage was lower, at 4.33 percent.
  • The average 15-year fixed-mortgage rate is 3.81 percent, up 6 basis points over the last week.

This Month in Real Estate: March 2018

 

 

HOME PRICES:

The median home price decreased to $240,500 in January, which was down 2.4 percent from December and up 5.8 percent from January of last year. The median home price has increased by approximately $13,200 in the past year alone.

 

HOME SALES:

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.4 million homes during the month of January. This was a decrease of 3.2 percent from December and a decrease of 4.8 percent from January of last year.

 

HOME INVENTORY – MONTH’S SUPPLY:

There was a 3.4-month supply of housing inventory in January, which was a 6.2 percent increase from December. The total number of available homes for sale has decreased by 2.9 percent compared to January of last year.

 

For indepth information and an explanation of real estate conditions in your market, contact The Indigo Skye Group!

This Month in Real Estate: January 2018

 

Click the image to watch the video:

Home Prices:

The median home price increased to $248,000 in November, which was up 0.8 percent from October and up 5.8 percent from November of last year. The median home price has increased by approximately $13,600 in the past year alone.

Home Sales:

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.8 million homes during the month of November. This was an increase of 5.6 percent from October and an increase of 3.8 percent from November of last year.

Home Inventory:

There was a 3.4-month supply of housing inventory in November, which was a 12.8 percent decrease from October. The total number of available homes for sale has decreased by 15.0 percent compared to November of last year.

This Month in Real Estate: December 2017

Market news dec 2017 indigo skye group blog

HOME PRICES:

The median home price decreased to $245,100 in September, which was down 3.2 percent from August and up 4.2 percent from September of last year. The median home price has increased by approximately $9,900 in the past year alone.

 

HOMES SALES:

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.4 million homes during the month of September. This was an increase of 0.7 percent from August and a decrease of 1.5 percent from September of last year.

 

Home Inventory:

There was a 4.2-month supply of housing inventory in September, which was flat from August. The total number of available homes for sale has decreased by 6.7 percent compared to September of last year.

 

Watch the video here:

This month in real estate dec 2017 indigo skye group

 

The Indigo Skye Group has the proven strategies and systems to help you prepare your home, price it right, present it to the right buyers, and get it sold for the highest price possible. Our #1 goal is YOUR SUCCESS.

 Schedule a consultation with us today!
The Right Realtor does make a difference. Expect MORE.

This Month in Real Estate: October 2017

Welcome to This Month in Real Estate for October 2017. Here are just a few of the national real estate numbers we’re tracking for you right now.

 

Watch the video:

HOME PRICES

The median home price decreased to $253,500 in August, which was down 1.8 percent from July and up 5.6 percent from August of last year. The median home price has increased by approximately $13,500 in the past year alone.

 

HOME SALES

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.35 million homes during the month of August. This was a decrease of 1.7 percent from July and an increase of 0.2 percent from August of last year.

 

INVENTORY – MONTH’S SUPPLY

There was a 4.2-month supply of housing inventory in August, which was flat from July. The total number of available homes for sale has decreased by 6.7 percent compared to August of last year.

 

The Indigo Skye Group has the proven strategies and systems to help you prepare your home, price it right, present it to the right buyers, and get it sold for the highest price possible. Our #1 goal is YOUR SUCCESS.
Schedule a consultation with us today!
The Right Realtor does make a difference. Expect MORE.