July 2022 Market Reports

The homes that sold in July had offers accepted around mid June, which means that the prices reflect mortgage rates solidly in 5% territory. It’s becoming apparent that even though many buyers have been pushed out of the market, there are enough remaining who are either able to accept a significantly higher monthly payment or put down a much larger amount up front (i.e. 30% rather than 10%). Sale prices in some towns acted as though mortgage rates were still in the 2’s while others were starting to get the memo. Find out which yours was HERE.