Looking at our local market place on a consistent basis is important to understand the market. Whether you are the buyer or the seller your Realtor should have a very good handle on what is happening. As a Realtor and a Member of the Buffalo County Board of Realtors and MLS I have access to the most current multiple listing information. Knowing this information helps me to answer my clients questions on pricing, values and conditions.

As of today, using the following perameters  in Kearney City limits and extending into the 4 quadrants outside of the City limits:

There are 105 active listings.

Lowest listing price $109,50

Highest listing price $569,900

Median Listing price $242,500

 

There are 35 listings under $200,000

There are 35 listings between $200,000-$300,000

 

Below is a sample of today’s interest rate.  These are still very good numbers. They are higher than earlier this year but historically they are solid rates.

Term	Rate	APR
30 year	4.875%	4.912%
15 year	4.375%	4.437%

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when moving forward with your home search.  In September of 1998 the Fixed Mortgage Rate on a 30 year loan w3as 6.72%.  In September 2008 the Fixed Mortgage Rate on a 30 year loan was 6.04%. Speaking with your local lender is the first step to understanding your buying power. Once your know your buying power reaching out to your local Professional Realtor is step 2. For any questions on any of this information feel free to call me 308-338-8100 or email me at wendy@verticafocusrealty.com.