Do you hear that? Hummmmm. That’s the delightful sound of normalcy. Buyers are buying, sellers are selling, lenders are lending and builders are building. Sure, this varies from region to region and even city to city within a region or state, but by and large, things are returning to normal. All major indices showcase fairly robust price recovery. Consumer confidence isn’t what it could be, but it’s sufficient for now.
• New Listings increased 21.9 percent to 973.
• Pending Sales were up 10.8 percent to 575.
• Inventory levels shrank 3.0 percent to 3,560 units.
• The Median Sales Price decreased 4.5 percent to $105,000.
• Percent of Original List Price Received increased 0.5 percent to 92.7.
• Months Supply of Inventory was down 12.1 percent to 5.8 months.
There’s some evidence that it’s not just first-time home buyers fueling the recovery. Move-up buyers are also pulling their weight. Some baby-boomers are ready to look for less space, nudging Junior out of the basement. The pizza boxes and late-night video games get old, plus there’s a fresh crop of buyers looking for a bigger space to raise their own little darlings.
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.
Despite the fact that more and more buyers are using the Internet to search for homes, buyers who use the Internet are more likely to say they need a real estate agent, according to the National Association of REALTORS®’ 2013 Profile of Home Buyers and Sellers survey. In fact, the highest share of buyers in...
North Eastern Group Realty is proud to welcome Kristi Abel! Kristi comes to us with a personal passion for the real estate market. As an investor herself she has gained invaluable insight in to buying, selling, flipping and renting homes. She knows how to identify value for her clients, navigate the competitive acquisition process, and...