Scott’s REAL ESTATE WEATHER REPORT
That’s some good action! A lot of properties sold last week. Why? End of the month always see’s more sales. This week the title companies can breath a little. The market still remains hot, but they’re are still deals out there. Keep looking! Keep an eye on listings that have been on the market over 20 days. Don’t over price your listings!!!!
New Listing – 1524 (1662 Last week)
Under Contract – 1851 (2059 last week)
Sold – 1961 (1520 last week)
Total Active Listings:
March – 7,328
Oct. – 8,867
Aug. – 10,277
July – 10,340
June – 9,605
May – 8,281
April – 8,270
March – 7,558
This includes all of ReColorado’s active listings. Listings can be from all over the state not just the metro area.
Stats are from REColorado and are for their whole listing area based on the last 7 days from Thursday.
The latest Mortgage Rates: 30 Year fixed at 3.8% and 5/1 ARMS at 2.9%.
Do you have equity in your house? Do you know that people would be willing to burrow it at 8% or more? Call your mortgage broker and find out how to make your money work for you!
Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans. (These are AOL/Zillow.com reported average rates as of Thursday.)