Welcome to This Month in Real Estate for August 2018. Here are just a few of the national real estate numbers we’re tracking for you. Right now according to the National Association of Realtors, the number of projected home sales dipped to 5.4 million and the national median home price for existing homes increased to $276,900. That’s up 4.5% from last month and up 5.2% from this same time last year. If you’re looking to sell, now might be a good time to enter the market. Finally, according to Freddie Mac the national average for a 30-year fixed-rate mortgage is down from last month to 4.52%.
To learn more about how these numbers affect you contact The Krasn Group at (702) 461-5170.