Centre County MLS Report - September 15, 2014

Don't let the seasons fool you....Fall and Winter can be a savvy time to sell your home.  The serious buyers are still out looking for the right property and they'll buy your home if it fits their needs.  Choices are limited, so if a buyer is motivated by a deadline (like a lease is about to expire), they'll choose from the properties available and move forward with a purchase.

Active Residential Listings as of September 15, 2014:  783

Average List Price of Active Listings:  $249,956

Average Days on Market of Active Listings:  138

Residential Sales Activity for September 8 - September 14, 2014

New Listings:  30
Listings that Pended:  28
Listings that Closed:  34
State College School District: 16 
State College School District: 13
State College School District: 14
Bellefonte School District:  5
Bellefonte School District:  5
Bellefonte School District: 8
Other School District:  9
Other School District:  10
Other School District:  12
Average List Price:  $228,495Average List Price:  $199,716Average Closed Price:  $240,141
N/AAverage Days on Market:  71
Average Days on Market:  99
Number of Single Family:  25
Number of Single Family:  25
Number of Single Family:  30 

Data Source:  CCAR MLS September 15, 2014

Mortgage Rates: WellsFargo.com September 15, 2014

TERMRATEAPR
30 Year Conventional     4.375%4.460% 
30 Year FHA4.125%5.710%
15 Year Conventional3.625%3.772%
Jumbo (30 Year)4.250%4.278%

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