Market update for September, 2011
Decrease in homes inventory of 176
Total homes on the market - 5391 Strong buyers market
Listing inventory of over 14.2 month supply.
.2 Change from the previous month
Average list price - $ 365,898.
Decrease in seller s concessions to 23.5%
Average days on the market - 134
List to sold ration is 93% and is down .60% from last month; this number needs to get better.
The number of houses that sold in 15 days or less continues to remain very low, 13.8% of September sold homes.
The 30 year fixed rate mortgage averated 4.27 % with an average 0.8 points for the week ending October 7, 2010. We are now hitting historic lows in mortgage rates.
What a great time to buy a house.
Data submitted by David Flory of Cunningham Mortgage on Oleander Drive in Wilmington, NC. Call him for your best rate...