Friday, February 18, 2011

HERE’S THIS WEEK’S MARKET stats:





Current Active listings in Ocean County 4095
New listings for Jan 779
Properties presently under contract 637
Current Sold properties for Jan 197
Average days on the market 132 that’s just short of 4 ½ months to sell a home; not bad since not long ago it was over 6 months.

30-year fixed-rate mortgage (FRM) averaged 5.05 percent for the week ending February 10, 2011. That’s up from last week when it averaged 4.81 percent.

What THIS ALL MEANS is THAT THE MARKET IS BOUNCING AROUND LIKE A SUPERBALL ON STEROIDS…
So, for all intents and purposes the market is flat ---- so go buy a house…

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