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Thursday, April 24, 2014

Elkhart County home sales dip in February

Home sales in Elkhart County dipped in February compared to a year before, according to the latest monthly report from the Indiana Association of Realtors.
Truth Staff
Posted on March 27, 2013 at 1:00 a.m. | Updated on March 27, 2013 at 4:05 p.m.

Home sales in Elkhart County dipped in February, but the median sales price increased, according to the latest monthly report from the Indiana Association of Realtors.

Here are the highlights:

Ÿ Ninety home sales closed in February, down 18.2 percent from 110 in February 2012. There were also fewer new listings, 179 compared to 200 a year earlier.

Ÿ The median sales price last month reached $93,000, up from $82,500 a year earlier.

Ÿ Statewide, there were 4,577 sales in February, up from 3,866 a year earlier. The median sales process across Indiana reached $105,000, up from $100,500.

“Members are genuinely optimistic for the year ahead, though we know real employment and wage growth, as well as access to credit, are key to the long-term success of housing markets across the state,” Kevin Kirkpatrick, president of the association said in a press release.

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