Market Update

Market Update: May 28th, 2021

Market Update: May 28th, 2021

Almost 50% of homes sold for more than list price, 25% were all-cash transactions

The National Association of Realtors (NAR) Confidence Index Survey for April reveals how hot the housing market is. Per the report, homes that sold had five offers on average, and nearly 50% of homes sold for more than their list price during the four weeks ending May 16. NAR expects home prices in the next three months to increase nearly 6% from one year ago and will increase almost 3% from last year’s sales level, according to HousingWire.

Continue reading Market Update: May 28th, 2021 at Movement Mortgage Blog.

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