Skip to main content
#
The Trentini Team
my account
site map
contact
cart
our twitterour facebook page
Evansville  Real Estate - Homes For Sale | Indiana Realtors - Agents
Search Evansville & Newburgh, Indiana Properties
Featured Listings
Evansville Real Estate - Homes for Sale | Indiana REALTOR®
Newburgh Real Estate - Homes for Sale | Indiana REALTOR®
Relocating to Southwest Indiana?
Buying and Selling Southwest Indiana Homes
About The Trentini Team - F.C. Tucker Emge REALTORS® - Southwest Indiana REALTOR®

Real Estate Blog
Latest Posts
Categories

 Real Estate Blog 
Friday, April 09 2010

The Evansville Area Association of Realtors reports a 28.4 percent increase in area home sales this March over last March.

The housing market in the Tri-State appears to have rebounded and continues on the upswing.

The fact that the first-quarter sales of this year have outpaced last year confirms that to be the case, said Chris Dickson, president-elect of the Evansville Area Association of Realtors.

"2010 is a good year for real estate in this area," he said.

Dickson said the latest statistics from the association shows a 28.4 percent increase in the number of single-family homes sold in Vanderburgh, Warrick, Posey and Gibson counties this past March compared with the number of sales in March 2009.

Pending home sales also appear on an upward surge nationally, likely in response to the homebuyer tax credit, said the National Association of Realtors.

Its March index won't be released until May 4, but the national association reports sales showed a healthy gain in February.

According to the Evansville Area Association of Realtors, a total of 307 homes were sold in Vanderburgh, Warrick, Posey and Gibson counties last month, compared with 239 sold in March 2009.

The increased activity caps off a strong first quarter, which saw the number of homes sold increase by 11.4 percent over last year's first quarter.

A total of 650 homes were sold in the four-county area this January through March, compared with 582 sold last year during the same period.

Dickson attributed the increase to historic low interest rates and plenty of mortgage money available from local lenders, even though the requirements for approval are tighter.

He said, "Buyers also are very active now because they need to be under contract by April 30 to qualify for the federal tax incentives. ... There are more buyers, looking to take advantage of the incentives.

"Homes are receiving multiple offers. Sellers need to be on the market now."

The only thing holding the market back from more expansion is the low number of homes on the market today, Dickson said.

"Now is the time for sellers to get back into the market."

The area association of Realtors also reports the average sale price increased 9.7 percent for the quarter, rising to $127,149 from $115,845 last year.

The increase in number of sales and increase in average prices combined to generate a 22.5 percent increase in overall volume and contribution to the economy. More than $82.6 million homes were sold in the first three months of this year, compared with $67.4 million during the first three months of last year.

Dickson said, "Topping off the good news is the fact that it takes two to three weeks less time to sell a home this year compared with last year.

The average time to sell a home now is approximately 141/2 weeks compared with almost 17 weeks a year ago.

Source: http://www.courierpress.com/news/2010/apr/09/housing-sales-make-upswing/

Posted by: Rolando Trentini AT 09:06 am   |  Permalink   |  0 Comments  |  Email
Comments:

Post comment
Name
 *
Email Address

Message
(max 750 characters)
*
* Required Fields
Note: All comments are subject to approval. Your comment will not appear until it has been approved.

The Trentini Team
F.C. Tucker EMGE REALTORS®
7820 Eagle Crest Bvd., Suite 200
Evansville, IN 47715
Office: (812) 479-0801
Cell: (812) 499-9234
Email: Rolando@RolandoTrentini.com


Accredited Buyer Representative

Equal Housing Opportunity

Multiple Listing Service?

REALTOR®

 

Pro Step Marketing

PRIVACY POLICY
The Trentini Team is the sole owner of the information collected on this site. Neither The Trentini Team nor the team associates will sell, share, or rent this confidential information to others. Your privacy is the primary issue for The Trentini Team. 

CONTACT POLICY
By submitting personal information such as name, address, phone number, email address and/or additional data, the real estate client/prospect consents that The Trentini Team or their authorized representative may contact client/prospect by phone, U.S. Postal System, or e-mail whether or not client/prospect is participating in a state, federal or other "do not contact" program of any type.
 
 
Copyright© 2007 The Trentini Team, REALTOR®, All Rights Reserved.