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REAL ESTATE UPDATES
Here's the latest news and headlines on property investments, housing, mortgages, refinancing, and real estate markets.
April 2022 brought $5.61 million in sales, a median sales price of $391,200, and 2.2 months of inventory. The median sales price was up 14.8% year-over-year, and inventory was down 0.1 from April 2021.
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"Historical context is important. An average 30-year, fixed mortgage rate of 5.5 percent is still well below the historical average of nearly 9 percent. "
- Mark Fleming, Chief Economist at First American
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