According to the Freddie Mac survey, average mortgage rates decreased for the week ending Thursday, January 3, 2013. The average 30 year mortgage decreased from 3.37% to 3.34 and the average 15 year mortgage decreased from 2.65% to 2.64%.
Mortgage rates one year ago were 3.91% and 3.23% for the 30-year and 15-year fixed mortgages.
Snapshot of the Malden Real Estate Market
Source: MLS Property Information NetworkSingle Family Condos Multi Family # of Listings: 36 32 11 Avg. Liv.Area SqFt: 1,766.8352 1,092.44 2,563.18 Avg. List$: $305,167 $212,190 $386,318 Avg. List$/SqFt: $188 $211 $155 Avg. Days on Market: 91.83 99.19 413.00*
*Days on Market for Multi Family Properties is significantly off from previous weeks due lack of new listings, as well as a number of significantly older ones not selling.
Paul Weston is Broker/Owner of Paul Weston Real Estate, a full service Real Estate Office serving Malden and the Greater Boston area.
Follow me on Twitter: @PH_Weston
Website, including contact information: www.liveinmalden.com