LaGrange County Indiana Housing Market As of the end of July 2010

As you can see from the numbers below, our market is small. RE/MAX Results is located 2 blocks from the county line that separates LaGrange and Noble Counties, we are active in both and they are very similar. I have combined the data to give you a better picture of the local market that isn't skewed by a single sale.

LaGrange and Noble Counties Combined

Market and Sales Data Year to Date- End of July 2010

All Residential 2009 2010 Change

Average Sales Price YTD 95,131 100,681 +5.8%

Homes Sold YTD 216 272 +25.9%

Average Days on Market 162 180 +11.1%

There are 701 homes listed for sale and at the average sold per month so far, it will take 21.2 months to sell them all (months of supply). That is almost 2 years! Homes sold for 91.9% of the price they were listed at prior to sale.

Year to Date-End of July 2010 Lake Properties

Lake Properties 2009 2010 Change

Average Sales Price YTD 162,776 154,975 -4.8%

Homes Sold YTD 51 58 +13.7%

Average Days on Market 160 203 +26.9%

There are 270 homes listed for sale and at the average sold per month so far, it will take 24.5 months to sell them all (months of supply). That is 2 years! Homes sold for 91.4% of the price they were listed at prior to sale.

This statistics are compiled from Northeastern Indiana Association of Realtors MLS data from January 2010 through the end of July 2010.

Posted Friday Aug 20