Last week in the College Park market buyers were busy putting offers on 11 homes. Eight were listed under $200,000, two were in the $200Ks and one listed at $469,000. 7 of the 11 were either bank owned or short sales.

I know I sound like a broken record, but rates are still averaging under 5%. The government will stop purchasing mortgage backed securities on March 31st, so rates are predicted to rise after that. I guess they can't stay this low forever!

ACTIVE LISTINGS: 255
PENDING SALES: 73
CLOSED SALES: 3/15/2010 - 3/21/2010


VACANT LAND
ACTIVE: 28
PENDING: 1
SOLD (1/1/2010 - 3/15/2010): 0

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