May Mortgage Rate
CAL Vet 3.96% APR & VA Loans 3.75% APR*
•** Mariposa medium home price is up 10% month to month from $250,000 to %275,000, & up 11.9% year to year. The year-over-year sales increase was the first back-to-back sales gain since December 2012 and the largest observed since May 2012. The statewide sales figure represents what would be the total number of homes sold during 2015 if sales maintained the March pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
• 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 68 days in April, down from 73 days in March with a 3 day increase 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 3months of inventory we are in a “Sellers Market”. Chart is from http://www.movoto.com
Need help with understand what your options are in either selling or buying please contact us at Mariposa Real Estate
Your home value can looked at www.mariposahomevalues.co