mortgage rates

Freddy Mac reports that mortgage rates staying low. Here are the national averages for mortgage rates during the week ending Oct. 6:

  • 30-year fixed-rate mortgages: averaged 3.42 percent, with an average 0.5 point, unchanged from last week. A year ago, 30-year rates averaged 3.76 percent.
  • 15-year fixed-rate mortgages: averaged 2.72 percent, with an average 0.5 point, also unchanged from last week’s average. Last year at this time, 15-year rates averaged 2.99 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.80 percent, with an average 0.4 point, dropping slightly from last week’s 2.81 percent average. A year ago, 5-year ARMs averaged 2.88 percent.

With rates like this, is it time for you to buy a home? If so, just hit reply to get started!

Take a look at how many folks bought homes in our market last month…

Gainesville FL Real Estate Market Trends – September 2016

The Gainesville FL area single family home sales saw the number of new listings decrease by 4.90% when compared with Sept 2015 numbers.  Pending sales decreased by 10.90% while sold listings decreased by 4.22%. The average sales price decreased by 14.29% and market times dropped by 19 days.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
Sept 2016 252 188 203 $228,359 118
 Sept 2015 265 211 213 $198,966 137

The Gainesville FL area Condo home sales saw new listings decrease by 16.66% when compared with Sept 2015 numbers.  Pending sales increased by 24.32% while sold listings increased 23.80%. The average sales price increased by 15.82% and market times dropped by 12 days or 12.35%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
Sept 2016
55 46 52 $107,537 105
 
Sept 2015
66 37 42 $92,841 119

For the latest Gainesville FL real estate market conditions in your area, please call me at 888-424-8841 or visit MyGatorCondo.com.