Status of the South Bend Housing Market: 08/01/07
My personal and not at all objective experience of the South Bend Area’s housing market is that it is becoming more active, but buyers are still looking for about a 10% discount from asking price. However the number of closed sales hasn’t increased correspondingly. Though the number of sales is inching upwards, the pool of available […]
Status of the South Bend Area Housing Market: 07/01/07
Here is the South Bend Area Blog’s monthly market report for residential real estate, based on figures from South Bend’s MLS. The number of available homes continues to rise, and at the end of the June there were 2,457 homes listed for sale. The number of sales dropped very slightly from May, so sellers are […]
Status of the South Bend Area Housing Market: 06/01/07
Using data from the Greater South Bend-Mishawaka MLS, here is the May breakdown of sales statistics. There are more sales, but also more inventory than in recent months. Summer buyers should have plenty of choices. Houses Listed as of 5/31: 2,281 Houses Sold 5/1 – 5/31: 362     Low price sale: $4,500     High price […]
Status of the South Bend Area Housing Market: 05/01/07
Using data from the Greater South Bend-Mishawaka MLS, here is the April breakdown of sales statistics. Sales are increasing slowly, along with the number of homes listed. Condos continue to be the area’s hot market. About 23% of the listed inventory of condos sold this month, compared to 13% of the listed inventory of single family houses. […]
Status of the South Bend Area Housing Market: 04/01/07
March 2007 sales data from the Greater South Bend-Mishawaka MLS is now available. My perception was that there is more activity this month based on the number of showings of our listings and the number of buyers we are working with, but the sales figures are mostly unchanged. There are still about 2,000 houses for […]