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Malden Real Estate Updates

Here is the latest real estate market updates

MAR Reports December Home Sales

The Mass Association of Realtors released home sales figures for December 2012.

Units sold in Dec 2012 Units sold in Dec 2011 Percent Change Units Sold in Nov 2012 Single Family House 3,737 3,307 +13% 4,145 Condos 1,434 1,256 +14.2% 1,548

 

Median Home Price Dec 2012 Median Home Price Dec 2011 Percent Change Single Family $303,500 $275,000 +10.4% Condos $285,500 $260,000 +8.7% Ave. Days on Market Dec 2012 Ave. Days on Market Dec 2011 Ave. Monthly Inventory Dec 2012 Ave. Monthly Inventory Dec 2011 Ave. Monthly Supply(In Months) Dec 2012 Ave. Monthly Supply(In Months) Dec 2011 Single Family 113 118 18,021 25,073 4.7 7.9 Condos 102 121 5,486 8,346 3.6 6.8

Mortgage Rates

According to the Freddie Mac survey, average mortgage rates increased for the week ending Thursday, January 31, 2013. The average 30 year mortgage increased from 3.42% to 3.53 and the average 15 year mortgage increased from 2.71% to 2.81.

Mortgage rates one year ago were 3.87% and 3.14% for the 30-year and 15-year fixed mortgages.

Snapshot of the Malden Real Estate Market

Source: MLS Property Information Network

Single Family Condos Multi Family # of Listings: 44 29 16 Avg. Liv.Area SqFt: 1,588.61 1,072.48 2,802.31 Avg. List$: $294,013 $207,203 $399,706 Avg. List$/SqFt: $204 $202 $148 Avg. Days on Market: 75.98 107.79 309.56

Paul Weston is a licenced Real Estate Broker in Massachusetts

Follow me on Twitter: @PH_Weston

Website, including contact information: www.liveinmalden.com

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