Last week in the College Park market there were 12 new listings, 25 price reductions and 8 properties that went under contract. The pending sales were comprised of a 3,300 square foot house listed at $315,000 and seven listed in the low 200s or below.

Rates fell last week to an average of 4.84% on a 30 year conventional mortgage. Unfortunately this is due to the further deterioration of the global economy, however, it is keeping buyer activity going. Read more here: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=240083

ACTIVE LISTINGS: 245
PENDING SALES: 74
CLOSED SALES: 5/17/2010 - 5/23/2010

VACANT LAND
ACTIVE: 30
PENDING: 1
SOLD (1/1/2010 - 4/18/2010): 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.