Your “This Month in Real Estate” update for May 2018 is here! Would you like more information on what’s going on with your home in the greater Athens area? Submit a request for contact, or give us a call today! Information via Keller Williams.
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(Information and photos via Keller Williams)
Below is information for March 2018. Submit a request for contact or give us a call today to learn more about your greater Athens area neighborhood market.
March 2018 Market Update 
According to the National Association of REALTORS®, existing home sales slid in January due primarily to a significant shortage of available homes on the market. Inventory constraints coupled with a healthy buyer demand put upward pressure on home prices, which can diminish overall sales activity.
Interest Rates 
According to Freddie Mac, 30-year fixed rates rose from 4.15 percent to 4.40 percent. This rate remains well below the historical average of 8.90 percent.
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 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.
Inventory 
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.
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.
(Information and graphics via Keller Williams)
Interested in what’s going on in your neighborhood in the Greater Athens area? Give us a call today, or submit a request for contact. We’d be happy to provide you with a custom home valuation guide and home sale or purchase plan.
February 2018 Market Update According to the National Association of REALTORS®, existing home sales slipped slightly in December. Looking at the entirety of 2017, a modest 1.1 percent increase was posted. While housing demand remains high in many parts of the country, the limited number of available homes for sale has significantly stunted overall growth.
Interest Rates 
According to Freddie Mac, 30-year fixed rates rose from 3.99 percent to 4.15 percent. This rate remains well below the historical average of 8.90 percent.
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 December. This was a decrease of 3.6 percent from November and an increase of 1.1 percent from December of last year.
Home Prices 
The median home price decreased to $246,800 in December, which was down 0.2 percent from November and up 5.8 percent from December of last year. The median home price has increased by approximately $13,500 in the past year alone.
Inventory 
There was a 3.2-month supply of housing inventory in December, which was an 8.6 percent decrease from November. The total number of available homes for sale has decreased by 11.1 percent compared to December of last year.
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.
(Information via Keller Williams)
According to the National Association of REALTORS®, existing home sales accelerated significantly in November, reaching their fastest rate of growth in over 10 years. In spite of ongoing inventory constraints, particularly in the starter-home segment, and a healthy, growing median home price, homes are selling rapidly as buyers scoop up available properties.
Interest Rates
According
to Freddie Mac, 30-year fixed rates rose from 3.90 percent to 3.99 percent. This rate remains well below the historical average of 8.90 percent.
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 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.
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.
Interested in what’s happening in the greater Athens area or your neighborhood? Submit a request for contact or give us a call for a no obligation review!
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.
Current Real Estate Trends in the Greater Athens Area
(Information via Keller Williams)
December 2017 Market Update According to the National Association of REALTORS®, existing home sales picked up in October, overcoming ongoing inventory shortages. Healthy job growth and wage increases are fueling continued strong demand in much of the country.
Interest Rates 
According to Freddie Mac, 30-year fixed rates rose from 3.88 percent to 3.90 percent. This rate remains well below the historical average of 8.90 percent.
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 October. This was an increase of 2.0 percent from September and a decrease of 0.9 percent from October of last year.
Home Prices 
The median home price decreased to $247,000 in October, which was down 0.2 percent from September and up 5.5 percent from October of last year. The median home price has increased by approximately $12,900 in the past year alone.
Inventory 
There was a 3.9-month supply of housing inventory in October, which was a 7.1 percent decrease from September. The total number of available homes for sale has decreased by 11.4 percent compared to October of last year.
Interested in more information on what’s happening in your neighborhood in the greater Athens area? Give us a call, or submit a request for contact today!
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.
Interested in our local Greater Athens area? Contact us today! Information via Keller Williams.
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Below is information provided by Keller Williams. Interested in what’s happening in your neighborhood as well? Submit a request for contact, or give us a call today for a personalized home value report and market update!
| August 2017 Market Update |
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| According to the National Association of REALTORS®, existing home sales dipped slightly in the month of June. While demand for homes remains high, inventory, especially in the starter home category, remains constrained. With so many interested buyers waiting for more homes to become available, now may be the perfect time to sell. |
| Interest Rates |
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 According to Freddie Mac, 30-year fixed rates ticked up from 3.90 percent to 3.96 percent. This rate remains well below the historical average of 8.90 percent. |
| Home Sales |
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| The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.52 million homes during the month of May. This was a decrease of 1.8 percent from May and an increase of 0.7 percent from June of last year. |
| Home Prices |
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| The median home price increased to $263,800 in June, which was up 4.5 percent from May and up 6.5 percent from June of last year. The median home price has increased by approximately $16,200 in the past year alone. |
| Inventory |
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| There was a 4.3-month supply of housing inventory in June, which was up 2.4 percent from May. The total number of available homes for sale has decreased by 6.5 percent compared to June 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. |
(Info via KW)
According to the National Association of Realtors, the median home price for existing homes nationwide has increased 3.2% since last month, and 5.8% since this time last year. Interested in learning more about the current real estate market? Take a look at This Month in Real Estate for the month of July from Keller Williams. Interested in learning how these numbers compare to homes in your neighborhood? We can let you know all about that too! Give us a call today, or request a free home valuation guide customized for your home in the greater Athens area.
Here are some national trends in real estate for the month of June. Interested in what the current market in your neighborhood is like? We’d be happy to sit down with you and review a customized plan based upon your individual market conditions! At Jennifer Westmoreland and Associates, we are a part of the community and make our focus to be the local experts in what’s happening here in the greater Athens area. Submit a request for contact, or give us a call. We look forward to working with you.
