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August 2022 Statistics

In August everything was down year over year. The total homes for sale were down 24.8% (65 homes), the number of sold homes was down 28.4% (31 homes), the number of pending was down 24% (24 homes), the average sold amount was down 7.1% ($152k on average), the average dollar per square foot was down 8.8% ($84 on average) and the average number of days on market was down 47.3% (39 days). To get a better understanding of the right time to buy/sell, click here for a breakout by town.

This might be a good time to buy with a potential softening of the market in certain places. Make sure to talk to a lender for preapproval and to understand what you can afford. If you don't have one I'm happy to help you find one in your area.

Today's Rates (please check with your lender as these change regularly):

30 Yr FRM 6.33%

15 Yr FRM 5.55%

FHA 30 Year Fixed 5.60%

Jumbo 30 Year Fixed 5.65%

5/1 Year ARM 6.00%

VA 30 Year Fixed 5.65%