Knight Properties NW

JULY MARKET STATS ARE OUT!

High mortgage interest rates continue to be a drag on home sales, discouraging both potential buyers facing high-rate mortgages and would-be sellers wanting to keep their low-rate mortgages. However, there are signs that the housing market is loosening up and that interest rates are declining and likely to decline even further in the coming months.

Here’s a little breakdown:
- Closed sales were up by 5.9% compared to the same month last year.
- There was 37.7% more homes listed than the previous year
- The median closed price was $650,000

Feel free to call if you have any questions!

High Interest Rates Still a Problem, but Markets Are Improving - Northwest Multiple Listing Service High mortgage interest rates continue to be a drag on home sales, discouraging both potential buyers facing high-rate mortgages and would-be sellers wanting to keep their low-rate mortgages.

Ready to sell your home? Check out these essential tips for a successful sale!

10 Tips To Sell Your Home For More Money | Bankrate Even in a seller’s market, it pays to invest some time and energy in positioning your home to sell for top dollar.