Fewer Homes Selling Above List Price
Only 31% of homes across the country sold above list price in the first quarter of 2019, compared to 40% of homes that sold above list price in the second quarter of 2018. Analysts point to a larger supply of homes on the market and slower growth in home pricing as drivers of the trend, enabling more home buyers to negotiate better prices. Home buyers also continue to benefit from lower home mortgage interest rates.
Buying or refinancing a Georgia home? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or firstname.lastname@example.org.