"Lower interest rates have fueled the stabilizing housing market,” reports Linda O’Koniewski, CEO of Leading Edge. “Rates have dropped so much that mortgage lenders are refinancing people who bought as recently as March. We expect the interest rate boost to keep the market strong through fall.”
August sales of single-family homes in the Leading Edge service area decreased -10.3% year-over-year. Inventory decreased -17%. The number of days on market over the last 12 months increased +2.9% while median sale prices remain up +2.7% at $622,500.
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