Warsaw Indiana Real Estate Market Report May 2009

Warsaw & Winona Lake,Indiana Real Estate Market Report May 2009

May numbers, of sold single family residence continues the struggle to gain momentum. We ended the month with a 33% decline year to date over 2008 sales figures.

The cooler than normal temperatures for May, certainly did not help entice those looking for a home to venture out. As the weather has improved, so has the activity. We are having a late start to the traditional "busy selling season" but closed out May with 63 homes under contract.

Rates have also started to climb, which is a strong indicator of higher demand on the mortgage side of things.

	May 09	May 08	% change	YTD 09	YTD 08	% change
# solds	32	45	-29%	115	172	-33%
Avg. sale price	111,266	165,247	-33%	135,808	150,773	-10%
Median price	96,700	135,000	-28%	110,000	129,900	-15%
Avg. D.O.M.*	175	102		165	114
# active listings	363
# pendings	63

*Days on Market

North Webster Market Report
Syracuse Market Report

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