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Autumn Greetings!
The market continues to be strong in spite of continually rising interest rates.
Lenders are creative in their home loan packages with options to buy down points/rates, waiving of certain fees and even the option to refinance – without any costs – should the rates subside after purchase.
Some sellers are offering to buy down points for the buyer as well. We are also seeing a good number of price reductions and motivated sellers now.
Naturally, as a homeowner, you’ll want to take care of winterizing your home to protect your most valuable asset. Have heating system serviced by a professional, trim back overgrown shrubs, have gutters and downspouts professionally cleaned – also be sure roof/furnace/dryer vents are clear, cover window wells to prevent snow/ice buildup.
Year-To-Date Comparisons 2022– 2023
| AVERAGE SALE PRICE COMPARISON | |||
| Single Family Homes | 2022 | 2023 | % +/- |
| Bismarck City | $354,741 | $372,032 | +4% |
| Mandan City | $297,774 | $314,902 | +5% |
| Lincoln City | $301,568 | $301,858 | +0% |
| Twin Homes | |||
| Bismarck City | $348,364 | $351,729 | +0% |
| Mandan City | $304,753 | $306,239 | +0% |
| Lincoln City | $257,475 | $259,667 | +0% |
| Condo | |||
| Bismarck City | $189,474 | $210,428 | +11% |
| Mandan City | $220,600 | $246,421 | +11% |
|
I Appreciate All Your Referrals! |
