Is It Still a Good Time To Buy and Sell?
The latest numbers from April just came in, so today, let’s take a look at them to see what’s going on in our housing market.
The average sales price in March was $395,000. In April, that number climbed to $412,000. Meanwhile, the average number of days on market decreased to about 40 in April. This is a normal trend for this time of year.
If you’ve been paying attention to the news, you know that interest rates continue to increase. This means it’s becoming more expensive each month to buy a home.
Is it a good time to buy or sell? The answer is still yes. Sellers should list their properties before rates get too high and buyers’ purchasing power decreases. For the same reason, you should buy as soon as you can. The higher rates get, the less home you can afford.
If you need help buying or selling or have any questions, please call or email us. Our team is always willing to help!