Home Sales Prices Continue to Jump in Q3 2021
The National Association of Realtors (NAR) announced this week that median home sales increased 16% across the nation. Nearly every single territory tracked went up, and over 80% of areas saw double-digit increases compared to a year ago.?
There are some hopes that rising interest rates and increasing inventory MAY result in slower price growth over the next 12 months. In that scenario, we would see a better market for buyers. As of now, the average 30 year interest rate in New York is still around 3.2% for someone with good credit.?
Be sure to monitor the latest new listings and price reduced properties in Brooklyn!?
New listings: https://myre.io/08zJgUuoKggm
Price reduced: https://myre.io/099aqGITHsms