January 2015 | Real Estate Market Update

The pace of existing home sales declined in November, but remained above that in the same

month of the previous year. Homes Prices also declined as we moved in to the cooler months, when seasonal declines in both prices and inventory are normal.
Inventory dipped slightly but remained above last year's levels as well. The drop in sales pace may be due in part to some uncertainty in equity markets as oil prices continued to fall in November. Anticipation of continued drop in mortgage rates may also played a role, as rates have declined despite having already dipped below the previous year's rates. 

Watch the brief clip below for a complete report.