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Happy Super Bowl & Valentine’s Weekend! Market Update – 2/11/2022

The economy is making a stronger comeback than expected and with that comes the rise in mortgage rates, now at 4.02%. This has created a new craze in our market and a spike in mortgage applications nationwide as buyers are motivated to get into the market before rates rise any further. We’ve had 7 new listings so far in February, 5 condos and 2 homes; check them out here. There have been 12 condo sales and 12 home sales in 2022 with a median sales price of $697,000 and $1,537,000 respectively.
I sent out my in-depth market update to everyone on my mailing list in January. If you would like to be included in my quarterly updates please reply with your current address and I’ll add you to my mailing list.
I’ve put together some information below that I think you’ll find useful. If you have anything you want to share with our community please let us know so that it can be included in future newsletters. We at the Zager Group are honored to continue to serve our community and are available if you have any questions or if we can provide you with any services, please feel free to reach out anytime. Thank you for the opportunity to serve you and for your continued trust and support!

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