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This Month in Real Estate
April 2019 Market Update
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Monthly Video

According to the National Association of REALTORS®, existing home sales experienced a significant uptick after three consecutive months of decline. With low mortgage rates and the supply of homes rising, more buyers are entering the market.

Interest Rates
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According to Freddie Mac, 30-year fixed rates decreased to 4.28 percent in February from 4.35 percent in January. This rate remains well below the historical average of 8.90 percent.


Interest Rates

Home Sales
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Home Sales Graph
The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of 5.5 million in February, up 11.8 percent from January, and 1.8 percent below the 5.6 million sales pace from a year ago.
Home Prices
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Home Price Graph
The median home price increased to $249,500 in February, up 0.1 percent from January. The median home price has increased by approximately $8,700 in the past year alone.
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Inventory Graph
There was a 3.5-month supply of housing inventory in February 2019, down 10.3 percent from January. The total number of available homes for sale has increased by 2.9 percent compared to February 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.

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