How’s the market?
The Market Action Index continues to head into stronger seller territory and is currently sitting at 55, which is a big increase over last month’s market action index of 48. This signals a continued Growing Seller’s Advantage as the spring market heats up.
How are list prices?
The median list price of homes on the market is ticking up from the previous month, increasing to $399,800, up from $389,900 last month. List prices typically follow the direction of the market action index, but your local city or zip code may be different.
What about mortgage rates?
Mortgage rates decreased in March, hovering in the lower 6.25% range. A rate near 6% seems to unleash the pent up demand from buyers on the sidelines. The lower mortgage rates have nudged many eager spring buyers into the market.
Learn more & ask questions
Path & Post Team continues to be a leading producer in North Atlanta with over 1,000+ 5-Star Reviews on Zillow & Google. We love talking about the local market and are always eager to answer your questions. Always speak to a real person at (770) 720-4663.
You can also get real-time market data by visiting pathpost.com/reports