Infographics – Your Local Prime Real Estate

Inventory Drops Again, Sales Slow [INFOGRAPHIC]

Highlights:

Existing Home Sales are now at an annual pace of 5.52 million.
Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25^th month in a row of declines.
The median price of homes sold in June was $263,800. This is the 64^th consecutive month of year-over-year price gains.

Source: KCM

Is Your First Home Within Your Grasp? [INFOGRAPHIC]

Some Highlights:

‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau.
According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old.
More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is within their reach now!

Source: KCM

5 Reasons to Love Using A RE Pro [INFOGRAPHIC]

Highlights:

Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make!
They are there for you to help with paperwork, explaining the process, negotiations, and helping you with pricing (both when making an offer or setting the right price for your home).
One of the top reasons to hire a real estate professional is their understanding of your local market and how the conditions in your neighborhood will impact your experience.

Source: KCM

Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC]

Some Highlights:

CoreLogic’s latest Home Price Index shows that prices rose by 7.1% across the United States year-over-year.
With mortgage interest rates rising in the short term, CoreLogic believes price appreciation will slow to 4.7% by this time next year.
49 out of 50 states, and the District of Columbia, all had positive appreciation over the last 12 months, with the only exception being the state of Connecticut, which experienced a -0.5% appreciation.

Source: KCM