March Median Listing Prices Increase 8% from 2017

As the inventory of new homes remains tight in the Atlanta area and around the country, median listing prices in March of this year increased 8% when compared to the same period last year. The median listing price for homes rose to $280,000 in the US.  With the economy remaining strong and home mortgage interest rates still relatively low, home buyers continue to face stiff competition for homes in the Atlanta market as well as many other markets around the country. Inventory of homes is selling at least a week faster when compared to this time last year in nearly half of markets in the US.

Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net to discuss our low home mortgage interest rates.

 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.