News You Can Use – Market Trends, Tracy, California


The following market trend report is for the Tracy-Mountain House area for the month of March:irisfence

Spring has sprung….Tax time is approaching. Real estate market is booming – inventory is still low and so are the interest rates on home loans. Predictions are that interest rates will be on the rise in the upcoming months. Some lenders loosen their requirements a bit – no time restrictions for purchases after bankruptcies, foreclosures or short sales. Please contact me if you would like more details.

As of April 1st we have 151 homes listed for sale. Homes SOLD in the month of March: 107. These homes were actively on the market on an average of 28 days before sold. Average sale price for this area in March was $412,361. Sales price verses list price is 99.6 %; it’s a seller market. This data has been collected from MetrolistMLS records.