Daily Real Estate News | Monday, February 27, 2012 Inventory of new homes on the market shrank to its lowest point on record in January, marking a 5.6-month supply at the current sales pace, the Commerce Department reports. With fewer homes available, the price of new homes increased slightly last month. The median price for...
Fort Wayne home inventories are shrinking and sales were up in 2011, indicating that the fundamentals are improving. Home buyers were more active than home sellers. Prices were down, primarily due to bargain hunting and the mix of homes selling.
Watch the entire market update: http://youtu.be/OzT6Zu1zze8
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North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.