Melrose Real Estate Market Updates

Snapshot of Melrose Real Estate Market

Single Family 

• # of Listings: 43
• Avg. Living Sq. Ft: 2,359.56
• Avg. List$: $560,943
• Avg. List$/Sq. Ft: $256
• Avg. Days on Market: 75.33

Condominium

• # of Listings: 15
• Avg. Living Area Sq. Ft: 1,234.53
• Avg. List$: $343,573
• Avg. List$/Sq. Ft: $283
• Avg. Days On Market: 80.80

• # of Listings: 8
• Avg. Living Area Sq. Ft: 4,534.63
• Avg. List$:$ 1,026, 913
• Avg. List$/Sq. Ft:  $195
• Avg. Days On Market:  55.63

Mortgage Rates

According to the Freddie Mac survey, average mortgage rates decreased for the week ending Thursday October 24, 2013. The average 30 year mortgage  decreased from 4.28% to 4.13%, and the average 15 year mortgage decreased from 3.33% to 3.24%

Mortgage rates one year ago were 3.41% and 2.72% for the 30-year and 15-year fixed mortgages.

Paul Weston is Broker/Owner of Paul Weston Real Estate, a full service Real Estate Office serving Malden, and the Greater Boston and North Shore areas of Massachusetts

Follow me on Twitter: @PH_Weston

Facebook Page: Paul Weston Real Estate

Website: www.paulwestonrealestate.com