Saturday, October 27, 2012

October Market Update

The Jackson County Real Estate Market continues the accelerated pace with 73 pending transactions as of today, and 67 residential closings reported in the past 90 days in our market.  The Average Days on Market is 71 Days.  Our market is still experiencing a shortage of available listings as noted in the number months of supply available.  Now is a great time to enter the market to take advantage of the low interest rates and local lenders are definitely loaning money.
For more information in regard to the dynamics of our local market, the real estate cycle and general market questions, please contact me at rmillman@prudentialindiana.com or (812) 528-3028.
Have a Super Day!

Local Interest Rates – October 1, 2012
Financial Institution
30 Year Fixed Rate (Zero Points)
15 Year Fixed Rate (Zero Points)
Bloomfield State Bank
3.125%
2.375%
Centra Credit Union
3.125%
2.875%
Dupont State Bank
3.375%
2.750%
First Financial Bank
3.375%
2.875%
Jackson County Bank
3.125%
2.875%
Main Source Bank
3.500%
2.875%
Old National Bank
3.250%
2.750%