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This Month in Real Estate | October 2016

by Simmons Realty Group
October 8, 2016

 

According to the National Association of Realtors, the national median home price for existing homes decreased for October 2016 from last month to $240,200. That’s down 1.3% from last month and up 5.1% from this same time last year. The national average for a 30-year fixed rate mortgage is up from last month to 3.48%.

It’s a great time to enter the market as a Buyer as the rates are low and a fabulous time to enter the market as a Seller as the demand is high and the inventory is low!

Call or text Betsy today for all of your real estate needs at 919.622.1060.


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