Closed Transactions June 8-14
What goes up must come down. And what hits the floor must rebound.
Last week's spike shows a marked drop.
Though transactions closed much quicker on average, selling prices were lower this week. This is good news for buyers.
I suspect that when mortgage rates begin to rise (and they must), activity will increase dramatically as fence-sitters jump.
If you'd like the selling details of the home that closed in your neighborhood, just ask.
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