The market is picking up a little. As you can see below, the number of home sales is up over 30% since last year - that's a really big number!!! However, the average list price and sales price has continued to decline - indicating the foreclosure and short sale issues still exist and continue in a downward angle. (information below courtesy of http://www.trulia.com)
Lucky for all those who are buying and selling - mortgage rates remain at historical lows!!! See the charts below to discover what the current trends are for standard interest rates!
Market View for Fredericksburg
Avg. Listing Price$331,271Wk ending Jan 18
-$9,556
-2.8%
w-o-w
-2.8%
w-o-w
406
+31.8%
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3-Month Trend (Mortgage Rates) |
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Courtesy of http://www.bankrate.com/brm/publ/30yrmolg.asp
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