How’s the market?
The Market Action Index rose to 44 from 41 last month, signaling a slight increase in the advantage for sellers. MAI remains an important metric to monitor, as it’s a key indicator of supply and demand in the market.
How are list prices?
The median list price of homes on the market held steady from last month, remaining at $399,000.
What about mortgage rates?
Mortgage rates rose from last month’s mid 6% range, and are currently in the high 6% area. Many experts agree that rates are likely to remain elevated closer to around 7% in the immediate future.
Learn more & ask questions
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