As we begin 2009 I thought I would share some county sales figure for the year that just ended. To say that 2008 was a challenging year in the housing market might be an understatement.
According to the Kosciusko county board of Realtors- Multiple Listing Service(MLS). The number of residential homes that were sold was 868,. A 30 % decrease vs. 2007.
If you were one of the 1958 homes that were listed last year, your chance of selling your home was 44.33% and your average days on the market were 126.
The median sale price for a home was $139,027 a 7% decline.
While these figures seem somewhat gloomy, They are much better than the national averages.
Homes in our county are still selling. A home is still a great long term investment.To sell, you just need to be priced right and standing tall. Inventories are a little high with 853 currently listed, but not overweighted.
Now is the best buying opportunity that I have seen in my lifetime. Interest rates around 5% and homes prices are down with inventories up. That means the window of opportunity is wide open.
Hope you have a fine 09,
Greg
Comments(0)