Newark Daily Brief: Six New Listings and Rates Back Up at 6.76%

Mortgage rates turned back up. The 30 year fixed added 4 basis points to 6.76% and the 15 year added 3 to 6.30%, per Mortgage News Daily. After three sessions of small climbs and one pause, the pattern this month has been drift upward rather than any real move in either direction.

Newly listed in Newark

• 7438 Wells Ave, house, $649,000, 2 bed 1 bath, 760 sqft
• 6253 Joaquin Murieta Ave #C, townhome, $750,000, 3 bed 2.5 bath, 1,456 sqft
• 37136 Magnolia Street, house, $790,000, 2 bed 1 bath, 832 sqft
• 5984 Fair Ave, house, $1,148,000, 3 bed 2 bath, 1,431 sqft
• 8096 Juniper Ave, house, $1,495,000, 3 bed 2 bath, 2,856 sqft
• 38399 Birch Street, house, $1,598,000, 4 bed 2 bath, 2,001 sqft

The coming soon pipeline

Eight more Newark houses and townhomes are staged to hit the market, from a $1,099,000 three bedroom on Campanula Court to a $2,995,000 four bedroom on Grasshopper Avenue. Coming soon is the window where a prepared buyer can move before the portals light up, and where a seller can read the competition before going live. The full list, with every active listing, sits on our listings page and refreshes every morning.

Inventory held exactly flat at 59 buyable homes, but the demand side moved. Homes in contract fell from 31 to 28, and the median days on market came down to 19 from 21. Fewer homes tied up and a faster clock is the signature of a market where the well priced homes are still going quickly and everything else is sitting.

Curious what your Newark home would bring in this market, or want to see one of today's new listings before the weekend? Harv Balu and Liliana Mayen watch this inventory every morning. Call 510.600.3425, or start with a free valuation below.