A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 36 homes listed for sale in Wallingford PA and Nether Providence Township on June 9, 2020 with an average asking price of $433,389.
The 30-year fixed-rate mortgage inched up after reaching an all-time low last week. However, mortgage rates continue to hover near the lowest averages ever recorded by mortgage financing giant Freddie Mac.
The 30-year fixed-rate mortgage averaged 3.18% this week, up slightly from last week’s all-time low of 3.15%.
“While the economy is slowly rebounding, all signs continue to point to a solid recovery in home sales activity heading into the summer as prospective buyers jump back into the market,” says Sam Khater, Freddie Mac’s chief economist. “While home buyer demand is up and has been broad-based across most geographies, supply has been slower to improve. In fact, the gap between supply and demand has widened even further than the large gap that existed prior to the pandemic.”
Freddie Mac reports the following national averages with mortgage rates for the week ending June 4:
- 30-year fixed-rate mortgages: averaged 3.18%, with an average 0.7 point, rising from last week’s 3.15% average. Last year at this time, 30-year rates averaged 3.82%.
- 15-year fixed-rate mortgages: averaged 2.62%, with an average 0.7 point, unchanged from last week. A year ago, 15-year rates averaged 3.28%.
- 5-year hybrid adjustable-rate mortgages: averaged 3.10%, with an average 0.4 point, falling from last week’s 3.13% average. A year ago, 5-year ARMs averaged 3.52%.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
*DOM = Days On Market
8 Wallingford PA homes went under contract
5 new listings came onto the market
0 listings were withdrawn from the market
1 listing was temporarily taken off the market
1 listing expired
25 homes are Under Contract at this time
1 Wallingford PA home sold last week
|310 w Brookhaven Road||SNG||3||1.1||$325,000||06/05/20||3|
Wallingford PA Real Estate – Wallingford, PA 19086