How’s the market?
The Market Action Index continues to stay in stronger seller territory and dropped by only one digit to 52, down from 53 last month. This signals a continued Seller’s Advantage as we enter the summer months.
How are list prices?
The median list price of homes on the market has continued to rise from the previous month, increasing to $419,600, up from $410,000 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 held steady in the mid 6% range in May, hovering around the 6.69% range at the end of the month. Many experts agree that rates are likely to remain between 6% – 7% in the immediate future.
Learn more & ask questions
Path & Post Team continues to be a leading producer in North Atlanta with over 1,-00+ 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