Spring 2012 Market Update
Based on market conditions, this is a safe time to purchase. Today's buyers can take advantage of the surplus of homes on the market. Millbridge is a new planned community that will sustain in the years to come. With new schools and road systems in place, this makes the buyers investment very strong. With Team Holly-would's support and negotiation skills, we will make sure our buyers get the best terms and price.

Average Home Price $225,000 - View Graph Trend
Average Price Compared to Last Year Down 25-30%
Average Time on Market More than 120 days
Prices As % of Asking Price 95-100%
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 SpotsBallantyne Country Club, Cureton, Prescot, Skyecroft, Longview, Highgate, Ardrey, Marvin Creek, Firethorne Country Club, Piper Glen, Providence Downs and Providence Downs South, South Charlotte, Union County, Weddington, Waxhaw, Marvin, Wesley Chapel
Average Sold Price $225,000 - View Graph Trend

Millbridge Local News

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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Jen Mildenberger
Jen Mildenberger
     704-996-8195
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Mortgage Rates
– May 28th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.82%
 15 yr. fixed rate:     3.11%
  30 yr. jumbo rate:  4.38%
  15 yr. jumbo rate:  3.61%

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Jen Mildenberger
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Jen Mildenberger
Keller Williams Realty
Keller Williams Realty

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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