This Month in Real Estate: February 2016

Here are the national statistics for February 2016!

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The National Statistics show that the projected home sales went up from 5.4 million in January 2016  to 5.5 million in February 2016.

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The median home price rose this month from $220,000 to $224,000. This is a 1.9% increase from last month and a 7.6% increase from February 2015. If you're thinking of listing your house now would be a great time!

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The great news for home buyers is that the interest rate for a 30 year fixed mortgage has actually gone down from 3.96% to 3.81%.

For more information on our local market or how these numbers affect you, please contact me at pfjohnson@kw.com.