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Condos performed better—sales rose by five percent, while the median price for condos climbed by five percent to $411,000.
Interest rates are still historically low at 4.4 percent, but they are expected to increase as the year goes on. So far, rising rates have not had an effect on buyer demand, however, future homeowners would be wise to get prequalified and be ready to act when the right home comes on the market.
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