Real Estate Market Update for Vernon through 3rd Quarter 2012

After a steady eight month climb in sold units from a low of 11 in January to a high of 29 in August, September slowed significantly to only 15 sold.

New and existing listings remain steady as does time on the market. However the lower unit sales in September could spell a slowdown if sales continue to decrease and time on the market continues to rise.

The good news for buyers is that mortgage rates remain the lowest in history at or about 3% for a 30 year fixed rate and inventory remains steady.

For more information on the local Vernon market feel free to contact me at 860-644-2461 or Rocco.Sanzo@CBMoves.com

Rocco Sanzo, GRI, Managing Broker, Coldwell Banker Residential Brokerage