market report: Evansville Real Estate News Letter for July 2014
- 07/28/14 01:14 AM
The halfway point of the year is a good time to see where we are this year compared to last year. Before we look at this year compared to last I think it is important to remember how strong last year was. Both unit sales and dollar volume increased over 21% last year. This was by far the biggest year over year increase we have ever had. It is not surprising that our results this year have been much more mundane. Unit sales this year have declined by 6.3% while average prices have increased just over 2%.
While I … (0 comments)
market report: Evansville Real Estate News Letter for October 2013
- 10/31/13 12:19 AM
Market Watch The national landscape for real estate has changed over the course of this year. Clearly 2013 has been an excellent year for real estate sales nationwide. Nationally year-to-date unit sales through September climbed 15%, while statewide units were up 14% and our local market increased 16%. Although these numbers are excellent the market is experiencing some other changes. The mix of buyers has changed over the past few years. Investors represented about 34% of all buyers so far this year, while the percentage of first time buyers is fewer than 30%, a significant drop from historical levels, which have … (0 comments)
market report: Evansville Real Estate News Letter for April 2013
- 04/23/13 02:34 AM
Market Watch Over the past few months, I have been pretty optimistic about real estate sales. I have shared statistics based on local information to support my opinions. This month I’m going to share some national and statewide information that demonstrates that the real estate market has indeed shifted into high gear. First on a national basis, according to the S&P/Case-Shiller composite index, average sale prices have increased 8.1% over the past year. In addition, the housing price index posted its largest gain in the last seven years from January 2012 to January 2013. I have spoken to several Realtor … (0 comments)
market report: Pending Home Sales Slip on Constrained Inventory
- 04/04/13 03:19 AM
February pending home sales flattened with limited buyer choices, but remained at the second highest level in nearly three years, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 0.4 percent to 104.8 in February from a downwardly revised 105.2 in January, but is 8.4 percent higher than February 2012 when it was 96.6. Contract activity has been above year-ago levels for the past 22 months; the data reflect contracts but not closings. Before January, the last time the index showed a higher reading was in April 2010 when it … (0 comments)
market report: Evansville Real Estate News Letter for March 2013
- 03/11/13 04:51 AM
Market Watch This month I want to recap the local real estate market in 2012 compared to 2011. This is especially easy since our market improved in virtually every category last year. The easy place to start is closed transactions. Our BLC (broker listing cooperative, which used to be called MLS) closed 4,387 home sales last year up 8.83% from 2011. The median sales price increased 4.4% increasing our average sales price to $125,971. Days on market decreased 11.3% compared to 2011 but is still higher than I like, at 105 days. The big news, which I have mentioned frequently … (0 comments)
market report: Association Reports Jump in Home Sales
- 01/03/13 01:05 AM
The Indiana Association of Realtors is reporting increases in November closed home sales. The organization says that number jumped 26.2 percent, compared to the same month in 2011. The average sale price throughout the state increased 5.1 percent. The Indiana Real Estate Markets Report today released by the state’s REALTORS® shows that statewide, when comparing November 2012 to November 2011, the following occurred: • The number of closed home sales increased 26.2 percent to 5,566,• The median sale price of those homes increased 8.6 percent to $119,500,• The average sale price increased 5.1 percent to $139,688,• The percent of original list … (0 comments)
market report: Evansville Real Estate News Letter for November 2012
- 11/28/12 01:22 AM
Market Watch As I mentioned last month I will recap Lawrence Yun’s economic/real estate forecast for 2013. Lawrence Yun PhD is the chief economist for the National Association of Realtors. He graduated from Purdue University and received his doctorate in economics from The University of Maryland. He serves on Harvard University’s Industrial Economic Council and has been recognized as one of the top ten economic forecasters in the country. Dr. Yun is more optimistic about real estate than the economy as a whole. He anticipates sales of existing homes to reach 5 million units next year with the median … (0 comments)
market report: Real Estate Report Shows Sales, Prices Up
- 11/27/12 01:46 AM
The Indiana Association of Realtors says home sales, sale price and home listings in October all increased from the same month last year. Chief Executive Officer Karl Berron says low borrowing costs and strong home values have buyers and sellers "clearly feeling more confident." Indianapolis, Ind. -- The Indiana Real Estate Markets Report today released by the state’s REALTORS® shows that statewide, when comparing October 2012 to October 2011, the following occurred: • The number of closed home sales increased 24.5 percent to 6,092,• The median sale price of those homes increased 5.9 percent to $117,500,• The average sale price increased … (0 comments)
market report: 3 Big Predictions for Real Estate
- 08/13/12 04:41 AM
A few major predictions came out of the panel discussion that kicked off Inman's Real Estate Connect event yesterday morning in San Francisco. The session, moderated by Inman News founder Brad Inman, featured experts from the worlds of real estate and finance. Here were some of the most important forecasts for the real estate industry: 1. Rates will remain low for at least another year. Amy Brandt, CEO of Vantium Capital, offered the most conservative prediction: that rates would probably start to rise significantly by the summer of next year. Bill Emmons, assistant vice president and economist of the Federal … (1 comments)
market report: INDIANA REAL ESTATE MARKETS REPORT FOR JUNE 2012
- 07/27/12 12:35 AM
Home prices and market activity held strong during June according to themonthly Indiana Real Estate MarketsReport today released by the state’s REALTORS®. Highlightsfrom the report include: • The median sale price of homes statewide is in its seventh consecutivemonth of year-over-year increases and back to a level not seen since 2007.• The average sale price of homes statewide is in its sixth consecutivemonth of year-over-year increases and also back to a level not seen since 2007.• The number of closed home sales is in its 12th consecutivemonth of year-over-year increases with 2012 on track to surpass years in whicha federal … (0 comments)
market report: Home Sales on the Rise: Ready for Spring Buying Season?
- 02/29/12 04:50 AM
Existing-home sales rose 4.3 percent in January to a seasonally adjusted annual rate of 4.57 million, marking the third gain for home sales in the last four months, the National Association of REALTORS® reports. “The uptrend in home sales is in line with all of the underlying fundamentals – pent-up household formation, record-low mortgage interest rates, bargain home prices, sustained job creation and rising rents,” NAR’s Chief Economist Lawrence Yun says. While sales ticked up, inventories of for-sale homes also continued to show improvement, NAR reported. At the end of January, total housing inventory fell 0.4 percent to 2.31 million existing … (0 comments)
market report: New-Home Sales Post Biggest Gains in Months
- 11/30/11 03:56 AM
New-home sales for single-family homes rose 1.3 percent in October, marking the best pace for new-home sales activity since this May, the U.S. Commerce Department reports. Following the sector’s worst year for new-home activity on record last year, several recent reports are suggesting a pick-up in new construction. "Builders have been seeing some marginal improvement in sales activity over the past few months, particularly in select markets where consumer confidence is higher due to improved economic conditions," Bob Nielsen, chairman of the National Association of Home Builders, said in a statement. "While this trend is encouraging, overall sales activity is still … (0 comments)
market report: Home sales point to continued 'stabilization' period
- 10/28/11 06:24 AM
Home sales in the Evansville area were up nearly 15 percent in the third quarter of 2011, compared to the same period last year, with Gibson County the only county in a four-county Southwestern Indiana metro area showing a slight decline. At the same time, Gibson County led the way with a sharp increase in median home prices, an apparent result of near-back-to-normal operations at Toyota Motor Manufacturing Indiana near Princeton. Median prices also rose in Vanderburgh and Warrick counties. The median increase in the four-county area was more than 10 percent better than in the July-September period last year, with … (0 comments)
market report: Indiana Statewide Housing Market Overview
- 04/27/11 05:32 AM
Here we have a copy of the Indiana Statewide Housing market Overview. It is important to note that real estate is local and local conditions do not necessarily follow state or nationwide conditions. We are fortunate to be in the Tristate. Our averages are running above those of both the state and the nationwide levels. One indicator we keep an eye on is the Months Supply of Inventory, at the local level, which for the year ending in March 2011 is 9.1. The Indiana State wide Months Supply of Inventory is 9.7. We will report on this again in one month time … (0 comments)
market report: Average Sales Price for Tri-State Homes Jump
- 01/25/11 09:51 AM
The average sales price for residential homes in parts of the tri-state has jumped. Local realtors say they are seeing an increase in demand when it comes to buying homes. With an increase of money people are getting for their homes, they say that combination could make for a strong housing market in 2011. The Evansville Area Association of Realtors reports a 4.7 percent increase in both the average sale price and median sale price of homes sold in Vanderburgh, Warrick, Posey and Gibson counties, from 2009 to 2010. "The fact that these have gone up means that people are buying … (0 comments)
market report: INDIANA REAL ESTATE MARKETS REPORT
- 01/24/11 02:36 AM
2010 on par with 2009;Median sale price of homes increases for the 13th month out of the last 15 Today's release of the "Indiana Real Estate Markets Report" by the Indiana Association of REALTORS® (IAR) provides the usual month-over-month comparison and because of timing, also provides a comparison of calendar years that supports the association's past recommendation for reviewing housing data in the long-term. Statewide, when comparing 2010 to 2009:The number of closed home sales decreased 6.6% to 57,765; andThe median sale price of homes increased 1.8% to $112,000.The Report at a glance: Statewide Housing Market Overview(Monthly Indicators) Sortable County Tables:One-month & … (0 comments)
market report: Market Watch January 2011
- 01/13/11 07:52 AM
The holidays are over. A new year has started and I know the snow won't last forever. Every year The National Association surveys thousands of buyers and sellers who purchased or sold homes the preceding year. Below you will see the most recent chart detailing where buyer's found the home they purchased. Over the past few years F. C. Tucker Emge Realtors and I have adjusted the way we market homes. These changes are based on buyer behavior. Not surprisingly, the biggest change in buyer behavior has been a shift away from print media toward the internet for their real estate needs. In 2001 only 8% … (0 comments)
market report: Pending Home Sales Show Another Gain
- 10/04/10 05:40 AM
Pending home sales have increased for the second consecutive month, according to the National Association of REALTORS®. The Pending Home Sales Index rose 4.3%, but is 20.1% below August 2009. The data reflect contracts and not closings. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. NAR chief economist Lawrence Yun said the latest data is consistent with a gradual improvement in home sales in upcoming months. "Attractive affordability conditions from very low mortgage interest rates appear to be … (0 comments)
market report: INDIANA REAL ESTATE MARKETS REPORT For May 2010
- 06/27/10 08:14 AM
The Report, found online at www.IndianaIsHomge.com, was the first-ever county-by-county comparison of existing single-family home sales in Indiana. In March, statistics on other types of existing, single-family home sales - condominiums, duplexes, townhomes, mobile homes, etc. - was added to the report. IAR obtains the data directly from 26 of the state's 27 Multiple Listing Services (MLSs), including the Broker Listing Cooperative® (BLC®) in central Indiana. To date, the Report represents 98% of the housing market statewide and 91 of 92 Indiana counties. Statewide, May sales of all types of existing, single-family homes increased 25.9% from the same month last year; … (0 comments)
market report: South West Indiana home sales continue to be strong
- 05/28/10 06:08 AM
Observers of Tri-State home sales have something to smile about. A report from the Evansville Area Association of Realtors reveals home sales in Vanderburgh, Warrick, Posey and Gibson counties continue to climb, well after federal tax incentives for buyers expired at the end of April. Chris Dickson, president-elect of the association, said the number of single-family homes in the four-county area were up 18.7 percent the first 21 days of this May, compared to the first 21 days of May 2009. The increase was slightly higher than the 17.6 percent increase in sales for all of last month, compared to April … (0 comments)
About Me
The Trentini Team of F.C. Tucker EMGE REALTORS® provides exceptional service to each of their clients as they help them to achieve their real estate goals. With their knowledge, experience and background, both Kathy and Rolando bring one-of-a-kind perspectives to the table during all of their real estate transactions. Their excellent communication skills combined with their passion for real estate allows The Trentini Team to follow through every time with the highest level of service possible. Rolando and Kathy are your premier Evansville and Newburgh, Indiana real estate source. They can help you buy your dream home or sell your current home for the best price possible. To learn more about what The Trentini Team can do you for you, contact us today!
The halfway point of the year is a good time to see where we are this year compared to last year. Before we look at this year compared to last I think it is important to remember how strong last year was. Both unit sales and dollar volume increased over 21% last year. This was by far the biggest year over year increase we have ever had. It is not surprising that our results this year have been much more mundane. Unit sales this year have declined by 6.3% while average prices have increased just over 2%.
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