This Month in Real Estate September 2012 has been released, and Jay Papasan has returned!
First, home sales activity rose to a pace of 4.5 million, up from 4.3 million in August. The median home price dropped $2,000 from last month to $187,000, as we saw in This Month in Real Estate August 2012, but it is an over 8% increase from September 2011. Freddie Mac reported that the average interest rate rose slightly to 3.66%, from the lowest it had ever been before, at 3.53% last month.
In the Top Story, Jay Papsan talks about the most popular updates a seller generally makes to a home before listing it for sale.
#1 in home improvements made to sell a house is painting the house. #2 is flooring, such as new carpet, tile, or wood or having hardwood floors refinished. #3 is updating light fixtures.
If you are thinking about selling a home in Baltimore, please contact me. I have a network of professionals who can help get your home ready to sell. I would love to help!
[…] from 4.5 million in September. The median home price remained the same at $187,000, as we saw in This Month in Real Estate September 2012, It is an over 9 1/2% increase last year at the same time! Freddie Mac reported that the average […]