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January’s Median Sale Price of $385,000 was down 1.0% from December, marking the seventh consecutive month of price declines. Year over year, the January 2023 figure was just 1.3% higher than this same time last year – an indication home prices are moderating. At the same time, the number of homes for sale was 59.4% higher than a year ago in the report’s 51 metro areas, fed by a month-over-month increase in new listings of 39.8%. This month’s gain in new listings was higher than any month last year, with the biggest month-over-month increase in 2022 occurring in March with
DENVER — The housing market decelerated throughout 2022 creating more opportunities for homebuyers, in stark reversal of the frenzied seller’s market of the previous year. The year’s most telling stats were punctuated in December: Home sales were down 38% from a year ago while the number of homes for sale was up 69% in the report’s 53 metro areas. Sales in every month of 2022 fell short of the previous year, with the percentage of decline starting out in single digits during the first quarter before topping 30% in the fourth quarter. The Median Sales Price of $385,000 was 1.3% higher
DENVER — The housing market decelerated throughout 2022 creating more opportunities for homebuyers, in stark reversal of the frenzied seller’s market of the previous year. The year’s most telling stats were punctuated in December: Home sales were down 38% from a year ago while the number of homes for sale was up 69% in the report’s 53 metro areas. Sales in every month of 2022 fell short of the previous year, with the percentage of decline starting out in single digits during the first quarter before topping 30% in the fourth quarter. The Median Sales Price of $385,000 was 1.3% higher
Current mortgage and refinance rates Accurate as of 12/21/2022. Product Interest rate APR 30-year fixed-rate 6.352% 6.468% 20-year fixed-rate 5.896% 6.042% 15-year fixed-rate 5.636% 5.819% 10-year fixed-rate 5.181% 5.372% 7-year ARM 6.194% 6.568% 5-year ARM 5.825% 6.460% 3-year ARM 2.340% 3.371% 30-year fixed-rate FHA 5.530% 6.339% 30-year fixed-rate VA 5.580% 5.871%
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RE/MAX Big Bear agents have been serving the community for over 25 years.
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RE/MAX Big Bear supports local charities for our homeowners that live in our community.
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