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Sunday, May 15, 2011 - Mortgage Rates

Mortgage rates remain reasonably stable, with most major banks and Trust companies offering 5.69% for a 5 year closed term.  This rate drops to a low of 3.7% for a 1 year closed term.
posted in General at Sun, 15 May 2011 11:35:41 -0600

Saturday, May 14, 2011 - Market Alert

Over the last two weeks we have seen a shift in market conditions.  Homes that have been listed for 90-120 days with little or no activity are now experiencing multiple showings per week.  Offer letters for townhouses and single family homes are close to or at list prices and multiple offers are being received.  It is too early to determine if this is an anomaly or trend.
posted in General at Sat, 14 May 2011 06:53:55 -0600

Thursday, May 5, 2011 - April Market Stats

The average price of housing has remained relatively flat this past month with less than 1% variance for single family and condominium properties. Duplexes and row houses experienced slight gains at 2.1%. The overall inventory of homes increased about 5%. The average days-on-market in April was 49 days, with a residential sales-to-listing ratio of 45%.
posted in General at Thu, 05 May 2011 20:09:26 -0600

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