Real Estate Market Trends for Allen County

Wow, my phone is ringing off the hook. Buyers are buying and sellers are selling. Seems as if the mortgage underwriters are slowing things way down but all in all there is so much more energy in the market. So just wanted to provide an update on market conditions in Fort Wayne, Indiana.

• Median Sales Price 89,900 vs 100,000 in 2008
• Average Sales Price 114,728 vs 105,453 in 2008
• Units Closed This Year 1,260 vs 1,058 in 2008
• Volume Closed This Year 289.4 vs 227 in 2008
• Inventory 2,981 vs 2,606 in 2008
• Pending Units Per Month 478 vs 463 in 2008
• Average Days on Market 116.3 vs 119 in 2008
• Months of Supply 6.2 vs 5.6 in 2008
• Building Permits YTD 105 vs 78 in 2008
• Sales Price to List 95.1 vs 93.9 in 2008
• New Construction Inventory 245 vs 204 in 2008
• 30 Year Fixed Rate Mortage 6.06 vs 4.78 in 2008

So welcome back Fort Wayne! We're on our way HOME!