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February 2022 Statistics
In February the total homes for sale were down 19.8% (25 homes) while the number of sold homes was relatively flat(down 3.5% or 2 homes) and the number of pending up 28.6% (18 homes). More glaring was the average sold amount which was up 34.9% ($370k on average) and the average dollar per square foot was also up 55.2% ($311.5 on average). The average number of days on market was up 17.1% (12.75 days). To get a better understanding of the right time to buy/sell, click here for a breakout by town.
This might be the best time to buy before the interest rates go up again. 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 4.50%
15 Yr FRM 3.88%
FHA 30 Year Fixed 4.0%
Jumbo 30 Year Fixed 3.95%
5/1 ARM 3.82%