In its entirety, 2013 proved to be a good year for Fort Wayne housing. Fort Wayne home sales and prices were broadly higher across the nation, while foreclosure loads, the number of homes for sale and the number of days it took to sell a home were all much lower. Multiple-offer situations became commonplace again and prices in many areas rallied to multi-year highs. This, of course, varied by location and segment, but the proverbial glass appeared to be more than half full throughout the year.
• New Listings increased 7.2 percent to 523.
• Pending Sales were down 9.3 percent to 372.
• Inventory levels grew 4.4 percent to 3,076 units.
• The Median Sales Price decreased 8.8 percent to $96,000.
• Percent of Original List Price Received decreased 0.8 percent to 91.3.
• Months Supply of Inventory was down 3.8 percent to 5.0 months.
Housing is fortified by confident consumers and good jobs. The year 2013 was
marked by a slowly improving labor market stunted by political gridlock, and the
Federal Reserve’s long-awaited taper announcement was not surprising. Interest rates remain low (but upwardly mobile), prices are still affordable, the employment picture looks decent and the stock market is up nearly 30.0 percent from this time last year. It’s no wonder that Fort Wayne home buyers were active in 2013. Here’s to more of the same in 2014!
At North Eastern Group Realty, we are 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.
At North Eastern Group Realty, we are 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...
In 2007, Fort Wayne home builders pulled permits to build 867 homes worth $173,925,444 for an average selling price of $200,606. Since then, new home construction in Allen County, like most areas of the country, had dropped off precipitously. 2013, however, was the first year since to beat 2007. In 2013 the Fort Wayne Home...