May 23, 2019
Four things worth knowing:
1. If you’re counting Multiple Listing Sales, the Bloomington Board of Realtors® reported closed sales through April 30th are identical to last year ─ 591 sales.
2. The same BBOR reports shows a year over year increase of 16.2% in the medium sales price and 10.8% in the average sales prices.
3. If you’re counting recorded deeds, the market is almost identical thru May 10th at 793 to last year’s 787.
4. The Mortgage Bankers Association reports that rates are at their lowest since January 2018. This has not affected purchase volume but the number of refinances continues to grow modestly.
Last month we helped 395 people buy, sell or refinance their home. Our closing team provided seller side closing statements two or more days prior to closing in 90% of our transactions and overall averaged 4.0 days before closing. Our title team issued title commitments for new Monroe County orders within 4 days in 76% of our transactions and averaged 3.98 days. We appreciate the opportunity to help you and your clients!
~ John Bethell