Fort Wayne real estate market report for January 2016.

By
Real Estate Broker/Owner with Christiansen Group Realty (260)704-0843

What's going on in the Fort Wayne real estate market in January of 2016?  Let's take a look at the numbers.  

 

Activity Snapshot

 

- 8.5%  One year change in closed sales.

+ 6.8%  One year change in median sales price

- 20.5%  One year change in inventory

 

Fort Wayne real estate market reportNew listings 1-2015:  710.    NL 1-2016:  677.  - 4.6%

Pending sales 1-2015:  490.    PS 1-2016:  564.  +15.1%

Closed sales 1-2015:  377.    CS 1-2016:  345.  -8.5%

Median sales price 1-2015:  $101,000.    MSP 1-2016:  $107,875.  +6.8%

Avg. sales price 1-2015:  $123,722.    ASP 1-2016:  $132,346.  +7.0%

Homes for sale 1-2015:  2,412    HFS 1-2016:  1,918.  -20.5%

 

The 12 month average for new listings is down 2.0%

The 12 month average for pending sales is up 9.6%

The 12 month average for closed sales is up 6.7%

The 12 month average for median sales price is up 5.9%.

The 12 month average for sales price is up 5.3%

The 12 month average for inventory of homes for sale is down 18.8%.

 

So what does this mean to you?  

 

If you're a buyer, it means slim pickings.  We're not saying it's a bad time to buy a home because it's not.  Interest rates are still very low and there are plenty of loan programs to choose from.  

What we're saying is that if you are buying in this market today you should expect to pay close to full price and your offer should be clean.  Here is an article with tips for buying a home in a seller's market.  

 

If you're a seller, odds are you're in the driver's seat when it comes to price.  For the first time in our 8 year real estate career we are seeing prices rise.  This is due to simple supply and demand. 

As you can see above, the 12 month inventory is down almost 20%.  That means that prices are rising, the number of days it takes to sell is shrinking, and with Spring right around the corner...  It's time to sell!  

 

Century 21 Fort WayneIf you have been considering selling your home in the Fort Wayne area, the time is NOW.  Please give us a call at (260) 704-0843.  We'd love to have a pressure free conversation about what we will do to get your home SOLD.  

 

* Statistics above are based on residential single-family properties, townhomes and condominium listing and sales reported to the IRMLS.

Posted by

 

 

   

Fort Wayne Realtors Jared and Amanda Christiansen with Century 21 Bradley

Amanda Christiansen is an award winning Realtor with Christiansen Group Realty.

 

Jared Christiansen is a business partner and in charge of marketing and taking care of things behind the scene.

 

Enough about us...

 

Tell us what you want your real estate experience to be, and we will do it YOUR way.

 

Buying a home in Fort Wayne? Tell us your wants and needs. Let us know how you envision your family living.  Tell us what's important to YOU, and we'll find the community and home that fits.  

 

Selling your home in Fort Wayne?  Our job is to make you the most money possible in the shortest amount of time. We offer our sellers professional staging, professional photography, and more internet marketing than most. 

 

We are committed to giving you everything we have to offer.  We are both full time agents and will work around your schedule.  Do nights and weekends work better for you?  NO PROBLEM. We are here to help YOU at YOUR convenience.

 

Amanda can be reached at 260-704-0843, and Jared can be reached at 260-704-0842, or you can email us at JaredChristiansen@gmail.com, or Amanda427@gmail.com.

 

 

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Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Ashburn, VA
Alexandria Virginia Homes For Sale

Jared, sellers need to be contacting you and Amanda to get their home listed and sold. It's a great time to sell in the Fort Wayne market and you are the agents to contact to make it happen.

Feb 19, 2016 02:37 AM #1
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