What Were The Actual Numbers?
The total number of sales for the month of April (the last complete month available) was 2,967. This number is off 8% from April of 2018. The median price rose 2.8%, but only because of new homes, which rose 9.3% and condos, up 3.8%, mainly because their demand rises as prices do. Single-family resale rose only 0.6%, basically flat. All numbers come from CoreLogic. Resale house volume fell 3.1% and condos dropped 11.4%. The average house payment continues to rise up to $3,602.59, largely because of the over million dollar market. If you are a prospective buyer, that certainly doesn’t have to be your payment.
Give us a call at Premier Funding Network and speak to one of our loan officers if you’re in the market to purchase a home, we’ll take good care of you! 714-283-9900.