A common question that many of our agents receive, even in a normal year, is, “How is the market?” So, you can imagine that we’ve this question even more-so with everything that 2020 has brought us. Here’s a little recap of this year to date, to help you understand what the market is looking like and what that means for you as a buyer or seller.
While the year started out extremely strong for real estate, the industry experienced the same slow-down in March that the rest of the economy did in light of the pandemic. But the good news? Showings and purchases have actually rebounded since then, surpassing that of the 2019 pace! (And take a look at the graphics below for a visual understanding of how showings and purchases have indeed rebounded!)
This being said, inventory in Allen County is still historically low with less than 500 homes currently for sale which equates to only 1.2 months’ worth of sales. This has driven prices up 6% YTD. It is a GREAT time to sell your home to maximize value.
Though inventory levels were tight in 2019, there was actually 28% less inventory. This in part is why new construction is currently booming! If you are looking to build, one of the many advantages to working with North Eastern Group Realty is that we are both a real estate company and a land development company, allowing us to help you find both the right home site and the right builder.
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.
We are pleased to welcome one of our newest agents, Ashlyn Cook, to the North Eastern Group Realty family! Since 2018, Ashlyn has been fortunate enough to learn from and work alongside some of the best real estate agents around - those at North Eastern Group Realty - working on the administration side of the...
AMAZING home!! FOUR bedroom, THREE bathroom, in the much desired Millstone Village! TWO stories, almost 2000 square feet, living room AND family room, kitchen, breakfast room AND dining room. Open concept family room and kitchen/breakfast room, family room with fireplace, sliding glass door open to large FENCED backyard with patio. Extra pluses = 2019 new...