Health & Fitness
Real Estate Market Updates
Here is the latest real estate news from the Massachusetts Association of Realtors and the National Association of Realtors, as well as the latest on mortgage rates and active listings for Malden.
Housing News
The Massachusetts Association of Realtors (MAR) announced on June 26, that Massachusetts single family home sales were up for the 11th consecutive month in a row. Condominium sales were also up from May 2011. Single family medium prices were down from May 2011, while condominium medium prices were up for the 3rd straight month.
The entire article can found here.
The National Association of Realtors (NAR) announced on June 27 that pending home sales increased . According to NAR, the Pending Home Sales Index rose 5.9 percent to 101.1 in May from 95.5 in April and is 13.3 percent above May 2011 when it was 89.2. The data reflect contracts but not closings.
Find out what's happening in Maldenwith free, real-time updates from Patch.
The entire article can be read here.
Mortgage Rates
According to the Freddie Mac survey, average mortgage rates stayed mostly flat for the week ending Thursday, June 28, 2012. The average 30 year mortgage stayed flat at 3.66%, and the average 15 year mortgage declined from 2.95% to 2.94%.
Find out what's happening in Maldenwith free, real-time updates from Patch.
Snapshot of the Malden Real Estate Market
Source: MLS Property Information Network
Single Family
Condos
Multi Family Homes
# of Listings
50
46
26
Avg. Liv. Area Sq Ft
1,633.20
1,128.60
2,430.31
Avg. List $
$311,788
$228,975
$351,431
Avg. List $/Sq Ft
$196
$212
$148
Avg. Days on Market
96.38
87.11
193.18
