Watch this short video for some of the latest statistics on the real estate market:
Here are the highlights:
According to the National Association of Realtors:
- Projected home sales fell to 5.5 Million last month, compared to 5.6 Million last month
- Median home price for existing homes rose to $264,000, which is up from $253,000 the previous month, an increase of 4.5%. In addition, it is up 6.5% from this time last year
According To Freddie Mac:
- The national average for a 30 year fixed rate mortgage is 3.96%, which is up from 3.94% the previous month
These videos are a great tool for you to share with potential buyers and sellers each month. They show that you as a professional real estate agent are staying up to date on what the market is doing. In addition, it allows you to come from contribution and educate your friends and family so that they feel a personal connection to you as a professional and helps them to have a better understand of the market and how it may impact their future real estate plans.
So use these tools to your advantage and share them with others! This is a great example of a way that Keller Williams strives to put our relevant content in an easily consumable format to allow you to grow your real estate business.