February 2020 Market Stats

February 2020 Market Stats Reading Time: 2 minutes

Interest rates drove the market in February with the average interest rate for 30-year fixed-rate mortgage returning to a 3-year low at 3.45%. The U.S. economy remained strong and unemployment seemed unchanged until later in the month when Coronavirus fears brought a decline in showings and in the stock market. Overall, the median price was up 4.5% to $280,000 and inventory remains low and is down 22.7%

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