We've heard good news in the lending arena today and that means the purse strings are finally opening up with lenders. If you are thinking about buying in Hillsborough, this is a Great Time to do so. Prices are trending downward and homes are remaining on the market longer with about 1/3 of them receiving price reductions and the others likely to soften on price should a solid offer show up. Last week there were 45 homes on the market in Hillsborough with the least expensive priced at $1,895,000 and the most expensive home at $18,000,000. 5 properties were absorbed (they either sold, or were removed from the market for other reasons). And yes, there is a huge difference in price and quality of home priced at the top of the price point, but getting into Hillsborough for under $2 million dollars is tough, so here's you chance!
How many days are they on the Market?
On of the key indicators of a real estate market is Day on Market and the average number of days housing has sat in Hillsborough is currently at 120. It's not quite as high as it was back in January but it's been climbing and will likely continue to climb as the close of the year looms upon us. What does this mean for you? It could mean bargains, if you're a bargain hunter. In this kind of market many seller's need to sell their homes in order to move on to new opportunities. If they have a big equity it could mean all kinds of interesting options for you.
Price Per Square Foot
Comments(0)