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For the week ending February 20, 2021:
From the CANOPY MLS: Freddie Mac reported this week the average 30-year fixed-rate mortgage interest rate rose to 2.81%, its highest point since mid-November, but still far lower than the 3.49% average from the same time last year. Interest rates may rise further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3 percent range for the year.”
In the Charlotte region, for the week ending February 20:
• New Listings decreased 7.6% to 1,040
• Pending Sales increased 17.2% to 1,188
• Inventory decreased 59.9% to 3,280
For the month of January:
• Median Sales Price increased 12.9% to $285,000
• List to Close decreased 16.0% to 84
• Percent of Original List Price Received increased 2.9% to 98.9%
• Months Supply of Homes for Sale decreased 57.9% to 0.8
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