The Lansing area real estate remains an active seller’s market with enthusiastic buyers jumping on new listings in spite of the traditional holiday slowdown. With limited choices, newly listed homes continued to receive acceptable offers within a few days.
Sales and Inventory of Residential Homes as of December 28th
496 currently active listings. (Entire Lansing area market area)
273 homes with accepted offers.
392 homes pending a closing date.
7452 homes have closed in the past twelve months.
Mortgage Rates at 3.05%
3.05% is the current 30 year interest rate closing out December. This monthly mortgage payment will cost a buyer $4.24 per each thousand of borrowed money.
($100,000 mortgage = $424 monthly payment)