Average Closing Costs, Excluding Taxes, Up By 10.5 Percent Year-Over-Year

ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, released its most recent closing cost data, which showed that in the first half of 2021 national average closing costs for a single-family property were $6,837 including taxes, and $3,836 excluding taxes. These were 12.3% and 10.5% year-over-year increases, respectively; whereas refinance closings costs increased marginally to $2,398, a 4.87% change from the reported 2020 average of $2,287.

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