I'm glad to see our inventory staying relatively low. We still have about a 21 month supply of homes for sale, however, at certain times last year we were running between a 30-40 month supply, so things are improving. In a balanced market there would be a 6 month supply of homes for sale. We still have a way to go, but we are headed in the right direction.
Average mortgage rates stayed pretty flat last week only dropping slightly to 4.98% on a conventional 30 year fixed rate loan and 4.39% on a 15 year.
ACTIVE LISTINGS: 238
PENDING SALES: 53
CLOSED SALES: 1/25/2010 - 1/31/2010
SS = Short Sale BO = Bank Owned
VACANT LAND
ACTIVE: 28
PENDING: 1
SOLD (1/1/2009 - 12/31/2009): 5
848 TIMOR AVE: $23,000
723 EDGEWATER DR: $63,900
930 OAK ST: $250,000 (107 X 140 LOT)
1716 FAIRVIEW SHORES DR: $295,000 (lakefront)
2614 WESTMORELAND DR: $350,000 (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.
No comments:
Post a Comment