3.23.22 Market Update
5 closings today as the national average 30-year mortgage reached 4.72% yesterday.
5 closings today as the national average 30-year mortgage reached 4.72% yesterday.
According to the National Association of Realtors, existing-home sales decreased 7.2% between January and February. Sales were also down more than 2% compared to this time in 2021. This news comes as the average 30-year fixed mortgage surpassed...
Today's closings brought a median price/sqft that exceeded the median for 2022, along with being on the market for just 4 days!
Happy Pi Day!!
Zero new listings or closings on this beautiful Sunday afternoon. Spring is around the corner!
The median sales price in the U.S surged to $392,000 for housing inventory in February. Locally, (8) listings sold today bringing a median that exceeded the national median, with a sales price of $509,250.
The listings that sold today differed greatly in median price/sqft and days on market.