So this week is pretty much it for buyers wanting to cash in on the $8,000 first time home buyer credit if they want to meet the November 30th deadline for closing. It will be interesting to see if the government decides to extend the credit. If they do, we probably won't find out until November.

Rates fell even lower last week. 30 year fixed rates were down to 4.87%, on average and rates on a 15 year dropped even further to 4.33%

CLOSED SALES: 10/5/2009 - 10/11/2009

BO = Bank Owned SS = Short Sale

OTHER MARKET ACTIVITY: 10/5/2009 - 10/11/2009
New Listings: 9
Pending Sales: 4
Price Reductions: 16

ACTIVE LISTINGS: 247


Total Pending Sales: 51

VACANT LAND:
ACTIVE: 29
PENDING: 2
SOLD (YTD 8/10/09): 3
848 TIMOR: $23,000
723 EDGEWATER: $63,900
1716 FAIRVIEW SHORES: $295,000 (lakefront)

The above numbers for College Park Update come from single family homes, condos and land listed in the MLS in the 32804 zip code.