While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country. According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering near all-time lows, spurring strong interest by buyers and lifting showing activity up 4% nationally versus a year ago in the final week of May.
Inventory may be lower but Median Sales Price and Average Sales Price have increased.
Our realMLS members are making transactions happen to Make the Market Work!
Thank you – very helpful