Did you know – the Median Sold price in Montgomery County in November 2019 was $309,990 and in November 2020 the Median Sold price was $340,000!

 

Here’s what happened in Montgomery County this past week (week of December 6th 2020). 


Homes Listed

98

Homes Gone Under Contract

226

Homes Closed / Settled

227

 

Current interest rates, according to FreddieMac.com as of December 10, 2020

 

Nationwide 30 Year Fixed Rate Mortgage

2.71%

Nationwide 15 Year Fixed Rate Mortgage

2.26%

Nationwide 5/1 Year Adjustable Rate Mortgage

2.79%

According to FreddieMac.com, “Mortgage Rates Drop, Hitting a Record Low for the Thirteenth Time this Year. Weaker consumer spending data, which accounts for the majority of economic growth, drove mortgage rates to a new record low. While economic growth remains unstable, strong housing demand continues to have a domino effect on many other segments of the economy.”

 

Even in our current situation, you can still buy a home or sell your home. Contact us for more stats in your township and to discuss how you can navigate the real estate market in today’s conditions. Call Carol Young at 215.519.6304.