This Month in Real Estate
January 2019 Market Update
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Monthly VideoAccording to the National Association of REALTORS®, existing home sales experienced an increase in November. This is the second consecutive month of increases, a strong indication that buyers are stepping back into the housing market.
Interest Rates
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Interest RatesAccording to Freddie Mac, 30-year fixed rates increased to 4.87 percent in November from 4.81 percent in October. This rate remains well-below the historical average of 8.90 percent. 
Home Sales
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Home Sales Graph
The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of 5.32 million in November, up from 5.22 million in October, and 7.0 percent below the 5.7 million sales pace from a year ago. 
Home Prices
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Home Price Graph
The median home price increased to $257,700 in November, up 4.2 percent from November 2017. This equates to a rise of $10,500 in the past year for the median home. 
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Inventory Graph
There was a 3.9-month supply of housing inventory in November, down since October. The total number of available homes for sale has increased by 11.4 percent compared to November 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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Sam Khalaf 
Keller Williams Southwest

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