Elkhart, IN - Yearly Market Report Comparison 2015 vs 2016.

By
Real Estate Agent with Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC RB14037276
http://activerain.com/droplet/4YPR

Elkhart, IN - Yearly Market Report Comparison

2015 vs 2016

Elkhart, is located in extreme north central Indiana and northern Elkhart County. The 2016 statistics for Elkhart, shows the market with 1154 residential homes sold.  During the same period in 2015 a less amount of 1063 homes were sold.  The average Days on Market for the period was 73, which is less than the 2015 amount of  82 DOM.

 

The average Listing Price for 2016 increase of 4.6% 

The average Selleing Price for 2016 -  Increase of 7.6%

The average Days on Market for 2016 -  Decrease of 11.0%

Disclaimer:  The figures shown, do not include “For Sale by Owner” homes and only homes that were entered into the MLS system.

 
The market in Elkhart, with the inventory declining, buyers are still looking for homes to fit their needs. Now is the time to sell a home in this area, as offers have been near or above the asking price.

Buyers are taking advantage of the low interest rates and the Sellers are taking advantage of the lack of competition in the selling market.

 

 

Now is the time to Sell a Buy a home in Elkhart, IN

 

 Call Friends & Neighbors Real Estate for the latest Real Estate information in

Elkhart at 574-304-7148.

 

------------------------------------

If you know someone who wants to Buy or Sell a Home in

Elkhart, St Joseph, LaGrange and Kosciusko Counties, in Indiana

Call me:  Larry Johnston, 574-304-7577

 

"We have agents to serve you with your Real Estate needs"

Friends & Neighbors Real Estate

and Elkhart County Subdivisions, LLC, Elkhart, Indiana,

or email larry@larry-johnston.com 

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Rainmaker
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
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Great local information to know Larry Johnston, I would be interested to know the price at which the days on market are increasing. That would be where a lower priced home owner would gain a better deal on a move up home!

Jan 12, 2017 07:17 PM #1
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Rainmaker
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Larry Johnston

Broker,Friends & Neighbors Real Estate, Elkhart,IN
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