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This Month in Real Estate | February 2018

by Simmons Realty Group
February 9, 2018

 

 

According to the National Association of Realtors, the national median home price for existing homes decreased for February 2018 from last month to $246,800. That’s down 0.2% from last month and up 5.8% from this same time last year. The national average for a 30-year fixed rate mortgage is up from last month to 4.15%.

It’s a great time to enter the market as a Seller as the demand is high and the inventory is low, and also as a Buyer as the rates are beginning to rise but remain close to 4%.

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

 


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