My Real Estate Blog

The inventory is getting lower which should help the sellers. There seems to be an increase in buyer traffic this last week - which is a good sign. We were having 1 or 2 people through before. This last week it was 2 to 4 people through and in one of my listings, I had 6 buyers through. The home is listed close to $400,000 so it should get more traffic since more people qualify for that price range. There were 3 new listings this week. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=38802341552. There are 48 total single family homes for sales in 20171. Seven homes sold this week. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=38802342589. One of the sold homes was a home on Kettering that I bought for a buyer. The buyer and I had been working with for several months was looking for a colonial in Fox Mill Estates - congrats to them. The home on Kettering had only been on the market 5 days. The other homes that had sold have been on the market for as little as 15 days to 186 days- most of them being on the market over 50 days. Overall, the market did well last week. I also saw a 3 1/2 15 year fixed rate mortgage last week at a settlement - if those rates stay this low - they should keep our market at least moving.

Posted by Angela Mitchell on October 4th, 2010 10:51 AMPost a Comment (0)

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