National Real Estate Update for May 2020 from National Association of Realtors shows projected number of home sales dipped to 5.3 million. The May 2020 median price for existing home sales increased to $280.6K . This is up 3.7% from last month, and up 8% from this time last year.
National Real Estate May 2020 – Mortgage Rates
According to Freddie MAC, the national average for a 30 year fixed rate mortgage is down from last month to 3.31%.
More News of Spring in the Mountains
Signs of Spring continue with black bear family viewings. Bears are hungry after wintering in their dens and birdseed is tempting.
While state is slowly reopening businesses, we are still under stay at home restriction unless need to leave. During this time, please send me a note if you want a particular search criteria set to update you as more properties come on market….I’m here to help you find your ideal home…Call or send word anytime! Reopening restrictions Phase I are in place effective May 8th…Please Note Current Phase I Reopening Orders.
Published by Keller Williams Realty