The Exceptional Home TeamThe Exceptional HomeTeam Keller William Lake Minnetonka logo

  • Buy
  • Sell
  • Locations
  • Keller Mortgage
  • Meet Our Team
  • Events
  • Careers
  • Contact
Advanced Search
Home Valuation

This Month in Real Estate – November 2019

November 26, 2019 by The Exceptional Home Team

Mortgage TypeRate
30-Year Fixed3.69%
15-Year Fixed3.15%
5/1-year ARM3.35%
Historical average8.90%

Home Sales

Home sales increased year over year.

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of 5.38 million in September, down 2.2% from August and 3.9% above the 5.18 million sales pace from a year ago.

Home Prices

Home prices have continued to increase year-over-year.

The median home price decreased to $272,100 in September, down 2.4% from August. The median home price has increased by approximately $15,200 in the past year alone.

Inventory – Month’s Supply

There was a 4.1-month supply of housing inventory in September 2019, up 2.5% from August. The total number of available homes for sale has decreased by 6.8% compared to September of last year.

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.

Share
Tweet
Pin
Share
0 Shares

Filed Under: Market Reports

  • Buy
  • Sell
  • Locations
  • Keller Mortgage
  • Meet Our Team
  • Events
  • Careers
  • Contact

Recent Posts

  • Who Will Wrap (And Unwrap) Your Presents This Christmas?
  • This Month in Real Estate – November 2019
  • The Top 7 Reasons To Move To Florida For The Winter
  • Experience Matters More Than You Think!
  • Home Selling Experience Matters

Categories

  • Buying
  • Home Improvement
  • Lifestyle
  • Market Reports
  • Selling
  • Uncategorized

The Exceptional Home Team
Keller Williams Premier Lake Minnetonka
215 Walker Ave S, Wayzata, MN 55391
612-250-2335
info@theexceptionalhometeam.com

Keller Williams Premier Realty Lake Minnetonka
The Exceptional Home Team
215 Walker Ave S
Wayzata, MN 55391
612.250.2335

Privacy Policy

Another BREW by Ballen Brands