Last week in the College Park market there were 12 new listings, 21 price reductions and 10 properties that went under contract. The pending activity was in the price range of $49,900 - $299,900.

Average mortgage rates fell to just a tad above the all time low back in December. Average rates on a 30 year conventional mortgage ran at 4.72% and 4.17% on a 15 year.

I just ran some new numbers to see how our inventory is looking compared to other parts of town. Here is what's going on as far as the amount of active listings that are distress sales (short sales and bank owned properties). College Park is still stacking up fairly well in comparison with other areas. This does not, however, account for the properties that are in foreclosure that are not listed for sale in the MLS. Let me know if you're curious about another area not listed.



ACTIVE LISTINGS: 240
PENDING SALES: 77
CLOSED SALES: 6/7/2010 - 6/13/2010


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.