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Winter 2012 Market Update
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| Average Home Price | $325,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 10-15% |
| Average Time on Market | More than 120 days |
| Prices As % of Asking Price | 90-95% |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Multiple Offers? | No |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Other |
| Housing Hot Spots | Bear and New Castle seem the most popular now because of their convenient location to I-95, Rt. 1, Rt. 13, Rt. 40 and I-295 and I-495. You can be in NY in 3 hrs, Baltimore in 1-1/2 hrs, Philly in 30-40 minutes, and NJ in 15 min. Delaware beaches are only an hour’s drive away. Our income taxes are very low compared to surrounding states of PA, NJ, and MD. Plus, we have NO sales tax and for that reason alone, people love to come here to shop.So, why not come and visit. Let me be your Buyers Agent and show you my town. |
| Average Sold Price | $325,000 - View Graph Trend |
Middletown Odessa and Townsend Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
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