Today I want to give you quick look at some numbers from our market.
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How’s our market doing right now? Are homes selling? Are people buying?
The median home price increased this month to $228,000, which is up 7.7% from this month last year. That means if you’re a seller, it’s a good idea to get your home on the market now.
I’ve got some news for buyers as well. According to Freddie Mac, the average 30-year fixed mortgage rate is 4.2%, which is an increase from last month’s average rate of 4.15%. So if you are looking to purchase a home, now is the best time to do so.
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If you’d like to learn more about how these numbers directly affect you, or if you have any questions about buying or selling a home, feel free to give me a call or send me an email. I’m more than happy to help.
Both buyers and sellers should take advantage of the market now rather than waiting.
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