The January 2018 national real estate market report from National Association of Realtors shows a projected number of home sales increased to $5.8 million. National median price for existing home sales rose to $248 K, up .8% from last month and up 5.8 % from this time last year. According to Freddie MAC, the national average for a 30 year fixed rate mortgage is up from last month to 3.99%.
With mortgage rates edging up but under 4%, it’s still a great time to buy.
This Month in Real Estate – January 2018 is published by Keller Williams Realty