[Gatordash]

https://www.redfin.com/news/housing-...o-find-buyers/

The monthly mortgage payment on the median asking price home rose to a record high of $2,447 at the current 5.25% mortgage rate. This was up 43%—from $1,706 a year earlier, when mortgage rates were 3%.

41% of homes that went under contract had an accepted offer within one week of hitting the market, up from 40% a year earlier........ 55% of homes that went under contract had an accepted offer within the first two weeks

A record 57% of homes sold above list price, up from 49% a year earlier.

The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, rose to an all-time high of 102.9%. In other words, the average home sold for 2.9% above its asking price. This was up from 101.5% a year earlier.

2022-05-15_03-median-mortgage-payment.jpg

I definitely helped move up those mortgage payments.