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Fort Wayne Home Market Shows Positive Signs

May 22
North Eastern Group Realty

Upstate Alliance of REALTORS® MLS Releases April 2012 Housing Market Report

Housing Market Improves Across All Indicators

Fort Wayne, Indiana (May 21, 2012)—Upstate Alliance of REALTORS® today released its April 2012 local housing market

report. The market indicators for April 2012 compared to April 2011 include the following:

 

• New Listings increased 12.3 percent to 1,124.

• Pending Sales were up 16.1 percent to 707.

• Closed Sales increased 8.1 percent to 521.

• The Median Sales Price increased 2.1 percent to $102,000.

• Percent of Original List Price Received decreased 2.9 percent to 91.6.

• Months Supply of Inventory was down 6.8 percent to 7.7 months.

 

“April was a strong month for our local & surrounding counties housing market,” said Tug Pierson, 2012 UPSTAR MLS President. “The forward indicators are vibrant as Closed & Pending Sales and New Listings show strong gains. While the supply‐demand trends look favorable for sellers for the first‐time in years, the historically low interest rates continue & the inventory is competitively priced—making it a great time to invest for qualified buyers.”

 If you are thinking about buying or selling a Fort Wayne home, the REALTORS atNorth Eastern Group Realtyare prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.