Payments On Typical St Charles County Home Over 13 Percent Cheaper Today Than Year Ago

The typical median-priced existing home sold for $233,000 in February 2019 and a year later, as the chart below shows, in February 2020 the typical median-priced home sold for $235,000, an increase of just under 1%.  Here’s the beauty though, thanks to interest rates dropping from an average of 4.41% a year ago to 3.29% today, even with the slight increase in price, the typical St Charles County home costs less today than a year ago!  Not just by a little either as the payment on the median price a year ago (no money down) would have been $1,178.18 at the current rates at the time, the payment today, at the higher price but lower rates would be just $1,019.15, a savings of $159.03/month or 13.5%!  Oh, and just to show the “compound effect” of this, over the life of the loan, you will save $55,249 in interest.

So, what are you waiting for?  Buy a house!

[xyz-ips snippet=”St-Charles-County-For-Sale-and-Open-Houses”]

St Charles County Existing Home Sales – Past 13 Months

(click on chart for live-interactive chart)

St Charles County Existing Home Sales - Past 13 Months

Don’t miss these posts!

We don’t spam! Read our privacy policy for more info.

🤞 Don’t miss info like this!

We don’t spam! Read more in our Privacy Policy

Comments are closed.