Warsaw Indiana Real Estate Market Report May 2009

Mortgage and Lending with Ruoff Home Mortgage 234777

Warsaw & Winona Lake,Indiana Real Estate Market Report     May 2009

May numbers, of sold single family residence continues the struggle to gain momentum. We ended the month with a 33% decline year to date over 2008 sales figures.

 The cooler than normal temperatures for May, certainly did not help entice those looking for a home to venture out. As the weather has improved, so has the activity. We are having a late start to the traditional "busy selling season" but closed out May with 63 homes under contract.

Rates have also started to climb, which is a strong indicator of higher demand on the mortgage side of things.

  May 09 May 08 % change YTD 09 YTD 08 % change
# solds 32 45 -29% 115 172 -33%
Avg. sale price 111,266 165,247 -33% 135,808 150,773 -10%
Median price
96,700 135,000 -28% 110,000 129,900 -15%
Avg. D.O.M.* 175 102   165 114  
# active listings 363          
# pendings 63          

   *Days on Market

North Webster Market Report
Syracuse Market Report

If you would like further information or market reports on lakes or communities in Kosciusko County,
 contact us directly : Sharon@wawaseerealestate.com    Greg@wawaseerealestate.com

To search for homes for sale in all of Kosciusko County  Click Here
Thinking of buying or selling a home, we would be honored to be of service.
 Email or call us anytime @ (574) 457-5018

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Greg Miller   
Mortgage Loan Originator 
NMLS # 234777


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