Health & Fitness
Malden Real Estate Update
Here is a snapshot of the current real estate market, with updates on properties listed in Malden and the Freddie MAC Interest Rate Survey.
National Association of Realtor Release Existing Homes Sales
The National Association of Realtors(NAR) released data for existing home sales, showing a decrease of 1.5% from April nationally. However, home sales are up 9.6% over last year. In the Northeast, home sales decreased 4.8% from April, and are up 7.3% over last year.
NAR Economist Lawrence Yun stated that the decline is more due to limited supply rather than a softening market. There is a broadbased shortage of homes in the lower price range in most of the country, except the Northeast. Realtors out in the western states have called for more foreclosed homes to be put on the market, where the number of buyers have outstripped demand.
The full article can read here.
Find out what's happening in Maldenwith free, real-time updates from Patch.
Mortgage Rates
According to the Freddie Mac survey, average mortgage rates decreased for the week ending Thursday, June 21, 2012. The average 30 year mortgage declined from 3.71% to 3.66%, and the average 15 year mortgage declined from 2.98% to 2.95%.
Snapshot of the Malden Real Estate Market
Source: MLS Property Information Network:
Find out what's happening in Maldenwith free, real-time updates from Patch.
Single Family
Condos
Multi Family Homes
# of Listings
51
48
28
Avg. Liv. Area Sq Ft
1,628.43
1,079.68
2,441.93
Avg. List $
$311,273
$223,907
$346,339
Avg. List $/Sq Ft
$197
$215
$145
Avg. Days on Market
86.06
88.85
193.18
