Buying a Local Home Requires a Down Payment of Nearly $ 15,000 in the Third Quarter | Local

Homeowners in the Winston-Salem area who were trying to buy the single-family home or condo at the median price needed a down payment of $ 14,900 in the third quarter, according to an Attom Data Solutions analysis.

The median is defined as the median value in a list of numbers.

During the third quarter, 2,153 single-family homes and condos were purchased in Davidson, Davie, Forsyth, Stokes and Yadkin counties.

The median selling price was $ 228,500, while the median loan amount was $ 203,600.

A median down payment of $ 14,900 covered 6.6% of the sale price.

In comparison, the Greensboro-High Point metropolitan area, made up of three counties, had 2,271 single-family homes and condos sold in the third quarter.

The median selling price was $ 230,000, while the median loan amount was $ 206,196. The median down payment was $ 14,250, which covered 6.2% of the sale price.

For the Charlotte-Concord-Gastonia metropolitan area, 9,419 single-family homes and condos were sold. The median selling price was $ 350,000, while the median loan amount was $ 300,440. The median down payment was $ 37,000, which covered 10.6% of the sale price.

For the Durham-Chapel Hill metropolitan area, 1,510 single-family homes and condos were sold. The median selling price was $ 385,000, while the median loan amount was $ 315,000. The median down payment was $ 55,000, which covered 14.3% of the sale price.

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