What went down in May 2018

Hello there! Anna Selby inviting you to the June 2018 Housing Minute Report published by the National Association of Realtors.  Now their numbers reflect what exactly went DOWN and UP in the real estate market nationwide!

  Press play

….where you will discover that 31% of home buyers in the month of May were first-time home buyers! GO MILLENIALS! 

21% in May 2018 were ALL-CASH
3% in May 2018 were DISTRESSED 
Median Sales price across the nation is INCREASED to $264,800

THAT is a 4.9% INCREASE from 2017.

Average days on Market were 26.

No there was other EXCELLENT information in this report which I invite you to read here: https://www.nar.realtor/housing-minute/june-2018-housing-minute

Nar confirmed this morning,” Existing-home sales and contract signings fell in May, as low inventories and higher home prices and mortgage rates weighed on overall activity.”

and Nar Cheif Economist, Lawrence Yun shared his insight that, “The solid economy & job market should be generating much STRONGER sales pace than what has been seen so far.”

May signed contracts were down 5% last month.