December 2012 Market Update

Mayan Beach Front Real EstateIt’s December 22 and the world is still here (those doomsday predictors must have miscalculated…), so Merry Christmas and Happy New Year as we head towards 2013!

I’ll write up a year-end real estate recap in the next few weeks, but just wanted to jot down a few thoughts now.

In looking at what’s currently for sale, I’m amazed at the lack of homes available. There are currently 4 – yes, only 4! – single family homes for sale in all of Arlington. That’s incredible. There are 2 two-families and 15 condos. If you’re a buyer, the pickings are incredibly slim.

Inventory in other towns is also low, but not quite a bad as Arlington.

If you are lucky enough to find a new home, your timing couldn’t be better when it comes to mortgage rates. According to Leader Bank, as of 12/17 a 30-year fixed rate with no points is 3.25%!

I’ll be posting here regularly with real estate news specifically tailored to where we live.

Please get in touch with me if you have any comments, suggestions, or questions.

Thanks for reading!

What do you think?