Posted by Lauren Perreault on Friday, December 29, 2023 at 7:00 PM By Lauren Perreault / December 29, 2023 Comment
The Average Sale Price was up by 4.7% form last year at this time. That's following the previous week's margin of +5.5%. The average had been landing roughly in the 0-2% range over the past couple months. A couple more figures in this week's range could indicate a new trajectory for sale prices.
The number for New Purchase Agreements was down from the previous week, but that's a typical dynamic for this time of year. Something New is that buyer demand has been higher than last year for 3 of the past 4 weeks. Up by 13% for the 2nd week in a row.
Mortgage Rates Held near 6.125% (best case scenario) for the 30-year fixed for almost the 3rd week straight. The yield on the 10-Year Treasury did a bit of waffling, but didn't change much - indicating that rates will remain unchanged as we round out the year.
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