This Month in Real Estate – September 2016

Keller Williams Market Insights: September 2016

HOME SALES

 

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of 5.4 million homes during the month of July. This was a decrease of 3.2 percent from June, and a decrease of 1.6 percent from July of last year.

HOME PRICE

The median home price decreased to $244,100 in July, which was down 1.4 percent from June and up 5.3 percent from July of last year. The median home price has increased by nearly $12,300 in the past year alone.

INVENTORY – MONTH’S SUPPLY

There was a 4.7-month supply of housing inventory in July, which increased slightly from June. The total number of homes for sale decreased by 4.1 percent compared to July of last year.

Mortgage Type Rate
30-Year Fixed 3.47%
15-Year Fixed 2.74%
5/1-year ARM 2.76%
Historical average 8.90%

Source: This Month in Real Estate

Thinking of buying or selling real estate?

KW1784102f20KW_thumb.jpgYou should consider using a realtor.  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty at 2119 W Brandon Blvd, Brandon, Florida  33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link.

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