A group of committed North Eastern Group REALTORS took two days out during this busy season to get motivated and energized at the Buffini Turning Point event in Chicago June 28th and 29th. One of the perks was travelling in luxury, chauffeured by the owner of the company in his motor home! Brian Buffini and Joe...
Since housing data for the first part of 2011 has been compared to activity during the same period in 2010 when the home buyer tax credit was in effect, the numbers have showed decreased activity and a slight decline in prices. May stats, however, seemed to have begun to turn a corner.
- Closed Sales decreased 15.92 percent from last May to 581 homes sold, but were up from 478 in April 2011.
- New Listings in the Fort Wayne region increased 5 percent to 1,252.
- Current inventory levels are approaching manageable levels at 3,864 units .
- The Median Sales Price INCREASED 4.21 percent from May 2010 to $99,000.
Several industry experts predict a significant turn around as the economy and job markets improve. The last several years have led to what is hoped to be pent up home ownership demand.