WASHINGTON (AP) — U.S. sales of previously occupied homes rose in January to the second-highest level in three years, a sign that the housing market is sustaining its recovery and helping bolster the economy. The National Association of Realtors said Thursday that sales rose 0.4 percent in January compared with December to a seasonally adjusted...
More positive news for the Fort Wayne housing market! Who would have thought we would see closed sales up 16.7% over January 2012? That is just the beginning of the positive indicators, however.
• New Listings decreased 3.1 percent to 862. New Listings
• Pending Sales were up 18.0 percent to 519.
• Inventory levels shrank 10.2 percent to 2,859 units.
• The Median Sales Price increased 5.2 percent to $92,300.
• Percent of Original List Price Received decreased 1.8 percent to 89.1.
• Months Supply of Inventory was down 19.4 percent to 5.0 months.
It’s important to watch the economy, since job growth directly fuels home
purchases and since the housing industry generates jobs. The economy has
added about 6.1 million jobs over the past 35 months, a sluggish but
encouraging trend. Interest rates are slowly moving higher in some regions,
though the affordability picture remains extremely attractive.
If you have been waiting for these positive signs to buy or sell a home, contact a North Eastern Group REALTOR who is prepared to assist you with your 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.