MLS Stats for Elkhart County
First let me start by saying I'm back and will be blogging on a more regular basis on a variety of topics. Look for many more posts on home enhancement and step you can take improve the value of your home.
July figures are out and there are some encouraging signs. Both sales and median sales price are up from the same period last year. We saw a 7.94% increase in sales when comparing July 2010 to July 2011. And the median sales price jumped 13.88% from July 2010 to July 2011.
That 13% plus increase in the median sales price may be a little deceiving however as we saw the number of high end home sales increase for the month of July pulling the median price up. When looking at modest and lower price homes, prices were flat to a slight increase.
Activity so far for August is slow. Consumer confidence is hurting with poor economic forecasts and the political environment in Washington DC.
Unemployment numbers in Elkhart rose in June to 10.2%. This was the first increase in the unemployment rate this year. State and National levels also rose.
A positive note for buyers, is that interest rates have plummeted as the bond market does well.
I look forward to the remainder of the year with guarded optimism and faith in our economic system.
It is important to note that the benefits of home ownership for families, communities and the nation are profound. When families and individuals own their home, they establish roots in their communities and have a greater stake in the growth, safety and development of their towns and cities.
To search for homes across northern Indiana visit http://www.indianasbesthomes.com/
July figures are out and there are some encouraging signs. Both sales and median sales price are up from the same period last year. We saw a 7.94% increase in sales when comparing July 2010 to July 2011. And the median sales price jumped 13.88% from July 2010 to July 2011.
That 13% plus increase in the median sales price may be a little deceiving however as we saw the number of high end home sales increase for the month of July pulling the median price up. When looking at modest and lower price homes, prices were flat to a slight increase.
Activity so far for August is slow. Consumer confidence is hurting with poor economic forecasts and the political environment in Washington DC.
Unemployment numbers in Elkhart rose in June to 10.2%. This was the first increase in the unemployment rate this year. State and National levels also rose.
A positive note for buyers, is that interest rates have plummeted as the bond market does well.
I look forward to the remainder of the year with guarded optimism and faith in our economic system.
It is important to note that the benefits of home ownership for families, communities and the nation are profound. When families and individuals own their home, they establish roots in their communities and have a greater stake in the growth, safety and development of their towns and cities.
To search for homes across northern Indiana visit http://www.indianasbesthomes.com/
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