I am definitely seeing an uptick in activity in the market these days. With rates dropping again, as well as prices, buyers are jumping in. Last week 4 properties went under contract in College Park listed between $149,900 - $399,900 and there were 5 closed sales (below). Inventory remains under 290 active listings.

Average mortgage rates dropped last week to 5% on a 30 year fixed and rates on a 15 yr. fixed fell to 4.625%. Keep in mind that's an average. I heard of a few people locking in last week at 4.675% on a 30 yr. fixed.

CLOSED SALES: 3/16/2009 - 3/22/2009
927 ASHINGTON PL: 2/3/1 - 2,033sq/ft - $180,000
2916 HELEN AVE: 3/2/1 - 1,895 sq/ft - $260,000
1341 W HARVARD ST 3 / 2 1,516 N 1940 $5,105 $155,000 *BO
534 W PAR ST #534: 2/2 - 1,200 sq/ft - $150,000 *SS
12 W VANDERBILT ST.: 5/3/2 - 3,654 sq/ft - $595,000 *SS
*SS = Short Sale
*BO = Bank Owned

OTHER MARKET ACTIVITY: 3/16/2009 - 3/22/2009
New Listings: 9
Pending Sales: 4
Price Reductions: 24

PRESENTLY ON THE MARKET: 3/23/2009
Active Listings: 286
Under 100K: 10
100K - 199,999: 58
200K - 299,999: 88
300K - 399,999: 42
400K - 499,999: 20
500K - 599,999: 13
600K - 699,999: 22
700K - 799,999: 7
800K - 899,999: 7
900K - 999,999: 3
Over $1,000,000: 16
Total Pending Sales: 25

The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.