Centre County MLS Report - September 1, 2014

Right now with 778 properties listed in our MLS, our inventory is the almost the highest it has been all year. This means that buyers have more homes to choose from and that sellers should be pricing their properties properly so that the are competitive. When you call us here at KBB for  comparable market analysis, we'll come prepared with the market data and we'll consider the  factors that are motivating you to sell.  This combination results in guidance for an effective sales strategy.   So give us a call today at 814-234-4000 and let us go to work for YOU!

Active Residential Listings as of September 1, 2014:  778

Average List Price of Active Listings:  $253,573

Average Days on Market of Active Listings:  132

Residential Sales Activity for August 25 - August 31, 2014

New Listings:  55
Listings that Pended:  17
Listings that Closed:  43
State College School District: 20 
State College School District: 8
State College School District: 23
Bellefonte School District:  9
Bellefonte School District:  4
Bellefonte School District: 7
Other School District:  26
Other School District:  5
Other School District:  13
Average List Price:  $212,830Average List Price:  $210,888Average Closed Price:  $230,115
N/AAverage Days on Market:  69
Average Days on Market:  49
Number of Single Family:  47
Number of Single Family:  12
Number of Single Family:  34 

Data Source:  CCAR MLS September 1, 2014

Mortgage Rates: WellsFargo.com September 1, 2014

TERMRATEAPR
30 Year Conventional     4.125%4.209% 
30 Year FHA4.000%5.583%
15 Year Conventional3.500%3.647%
Jumbo (30 Year)4.000%4.028%

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