DRINKS ON THE MORTGAGE BANKERS !!
Interest rate sticker shock appears to have subsided. May
“popped” and we are back to the good ‘ol days.
May 2023 sales volume by dollar amount jumped 50% over April, and was virtually the same as May 2022. Financed transactions, which had been hovering at just over 65%, jumped to 77% of the dollar sales volume for the month. Even transactions over $750K were vigorous in May.
May 2023 sales volume by dollar amount jumped 50% over April, and was virtually the same as May 2022. Financed transactions, which had been hovering at just over 65%, jumped to 77% of the dollar sales volume for the month. Even transactions over $750K were vigorous in May.
Other Transactions of Note:
- 10 Ag Land transactions for $33,941,167
- 7 commercial transactions for $7,627,500
- 41 land transactions for $6,082,550
- 17 Condos for $7,627,500
- 15 Mobile Homes for $6,000,000
Looking at Year to Date May 31 2023 compared to 2022,
we have now climbed to being down only 16% in dollar
volume for the year. At the end of the first quarter we
were down 27.5% so we have definitely rebounded.
