realMLS Blog

Just Out – May Market Stats From ShowingTime

May 2020 Market Stats

While the effects of COVID-19 in the broader economy continue, real estate
activity is beginning to recover across much of the country. According to
Freddie Mac, mortgage rates have been below 3.3 percent for more than
four weeks and are hovering near all-time lows, spurring strong interest by
buyers and lifting showing activity up 4% nationally versus a year ago in the
final week of May.

Inventory may be lower but Median Sales Price and Average Sales Price have increased. 

Our realMLS  members are making transactions happen to Make the Market Work!

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