Status of the South Bend Area Housing Market: 12/1/2007
There has been plenty of coverage of the housing market in the national news, so this month I’ll just provide the local numbers. Houses Listed as of 12/1: 2,328 Houses Sold 11/1 – 11/30: 277 Low price sale: $1,100 High price sale: $610,000 average price sale (mean): $106,735 average price sale (median): $89,900 About 12% […]
Status of the South Bend Area Housing Market: 11/1/2007
The number of sales ticked up in October, from 266 to 314 but the sales volume dipped further, from $37,825,776 to $36,732,618. This means more houses were sold, but they were the lower priced listings. 166 of the 298 single family homes sold this month was for $100,000 or less. Condo sales continue to be […]
Real Estate is Seasonal? Yes and No.
The conventional wisdom is that “real estate is seasonal,” that “the time to sell is in the Spring,” and that “nobody moves during the holidays.” Those statements reflect an attitude that it is best to be doing something at the same time many other people are doing that same thing. It’s an extension of the […]
Status of the South Bend Housing Market: 10/01/07
It’s October, and we now have the complete Greater South Bend-Mishawaka MLS data for September to review. The number and volume of closed sales is down from the peak summer months but houses are still selling at a volume and rate similar to what we saw in March/April. For this report, I ‘ve included additional […]
Status of the South Bend Housing Market: 08/31/07
The South Bend area housing market continues to see many more homes for sale than willing buyers. Lending practices are tightening as the sub-prime mortgage fallout is revealed, many of the Notre Dame students /fans who will buy have done so, and Fall is approaching – a time when fewer people move. If you are serious about selling, you should do everything in […]