The total number of homes sold through the second quarter is 15,030.
The average list price is $198,962 and the average sold price is $191,202. The percentage difference is 96.1%, which is higher than Q1 (95.5%) which means sellers are getting even closer to their asking price.
Home prices have increased by 7.82% through the second quarter of 2018.
According to Bankrate.com mortgage rates today are at 4.71% for a 30 year fixed compared to 5/1 ARM are quoted at 4.12%.
According to the Wall Street Journal prime rate is at 5.00, compared to a year ago, 4.25
The market still seems to be in the sellers favor. Higher priced homes do not seem to be affecting the higher mortgage rates for buyers.
Your Town Realty's Numbers
Through the second quarter of 2018, YTR has sold $26,174,464 in real estate, totaling 142 transactions.
Our sale-to-list price is 95.94%.
Source: West Penn Multi List