April’s median sales price was up 8.9% compared to April of last year.
Sales were up compared to last year – a welcome and reassuring direction in a low supply marketplace.
As the stock market declined, so did mortgage rates offering a bad new-good news situation.
For 2020, the National Association of REALTORS’ Chief Economist, Lawrence Yun, sees good news for home prices.
“Buyer demand continues to be strong, especially given the supply constraints.”