June Mortgage Rate
CAL Vet 3.96% APR & VA Loans 3.75% APR*
•** Overview of Mariposa, CA Market Trends
Mariposa’s home resale inventories increased slightly, with a 5 percent increase since May 2015. Distressed properties such as foreclosures and short sales decreased as a percentage of the total market in June. The median listing price in Mariposa stayed the same from May to June. There were a total of 2 price increases and 15 price decreases.
• While housing supply has been improving in real terms in recent months, the demand for housing continued to grow at a faster pace than that of inventory.
• Properties typically stayed on the market for 81 days in April, up from 51 days in March with a decrease of 50 days from a year ago.
*percentages fluctuate with the market, contact a local mortgage broker for up to date information.
**Information was up to date at time of print. Contact Bryce Battershell or a local Realtor for updated information.
It is widely accepted in the Real Estate World that:
0-4 months of inventory is a “Seller’s Market”
5-7 months inventory is a “Balanced Market”
8-12 or more months of inventory is a “Buyer’s Market”
So with that as a guide in Mariposa County with 6months of inventory we are in a “BALANCED MARKET”.
Chart is from http://www.movoto.com
Looking for information you can contact us at www.fresnomariposahomes.com
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