LaGrange County and Noble County Housing Market Statistics for October 2010

LaGrange and Noble Counties Combined

We are located in LaGrange County just two blocks from Noble County in Northeast Indiana. Our rural location means we have a relatively small number of transactions in each county. This means a single say can have a dramatic influence on the results. The data for the two counties is similar so it is combined to give more accurate data.

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

All Residential 2009 2010 Change

Avg Sales Price YTD 9,041 103,469 +5.5%

Homes Sold YTD 335 393 +17.3%

Avg Days on Market 171 172 +.6%

There are 612 homes listed for sale and at the average sold per month so far, it will take 17 months to sell them all (months of supply). Homes sold for 91.8% of the price they were listed at prior to sale.

Year to Date-End of October 2010 Lake Properties

Lake Properties 2009 2010 Change

Avg Sales Price YTD 163,283 153,716 -5.9%

Homes Sold YTD 82 93 +13.4%

Avg Days on Market 178 197 +10.7%

There are 222 homes listed for sale and at the average sold per month so far, it will take 15.9 months to sell them all (months of supply). Note: that is a 8 month reduction from last month which is NOT because of sales. It is a seasonal reduction in inventory. Many sellers will take their places off the market when they close them up for the season. Homes sold for 90.8% of the price they were listed at prior to sale.

More LaGrange County and Noble County housing statistics and historical data is available at www.KarenCanHelpYouHome.com.

Source of the data is Northeastern Indiana Association of Realtors MLS from January 1 2009 to October 31st 2010.