For the month of September, there were 16 properties that went pending and 35 homes sold in Davis during that 30 day span. Interest rates continued the downward trend and are now standing at 4.01% for a 30 year fixed mortgage and 3.28% for the 15 year fixed. These rates are at an all time low and have been a shining light for the housing market. Below are the pending and sold activity in Davis by each area.
Central Davis 4 Pendings Average pending price-$354,250 7 Sold Average sales price-$478,286
North Davis 4 Pendings Average pending price-$579,250 9 Sold Average sales price-$390,711
East Davis 3 Pendings Average pending price-$392,933 8 Sold Average sales price-$359,063
West Davis No homes pending for the month of September 3 Sold Average sales price-$284,833
South Davis 5 Pendings Average pending price-$500,660 8 Sold Average sales price-$748,375
The real estate market naturally slows after September. October through December should have buyers active because of the historically low interest rates and the adjusted home prices. Please visit my website at www.JohnnyBrooksHomes.com for helpful tips on buying or selling a home and easy access to view local area homes for sale.