1 Minute Hudson WI Real Estate Market Update

Looks like deals this week aren't just in the retail world. Just this week this article from The Wall Street Journal stated that mortgage rates have "dropped to their lowest levels on record. The rate for a 30-year fixed mortgage fell to 3.31% last week from 3.34% a week earlier and nearly 4% a year ago". This is certainly motivating news not only for buyers, but for sellers as well. Median sales price is up in Hudson, and there have been 20 new listings on the market so far this November as opposed to 1 last November! It appears sellers are confident to list their homes, hoping buyers are out there taking advantage of record low mortgage rates. So far this November there are 17 sold listings. I'll update you next week on how the Hudson market finished off November. Until then, feel free to contact me if you have any questions about the local Hudson market.