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 REALTORŪ
Newburgh Real Estate - Homes for Sale | Indiana REALTORŪ
Relocating to Southwest Indiana?
Buying and Selling Southwest Indiana Homes
About The Trentini Team - F.C. Tucker Emge REALTORSŪ - Southwest Indiana REALTORŪ

Real Estate Blog
Latest Posts
Categories

 Real Estate Blog 
Tuesday, July 28 2009
Evansville residents in the housing sector are as optimistic about their future as their colleagues on the national stage.
 
An announcement on Monday by the Commerce Department of an increase in new home sales during June was seen as a positive sign the real estate market is bouncing back.
 
The Commerce Department reported new home sales in the United States rose 11 percent in June to a seasonally adjusted annual rate of 384,000 from an upwardly revised May rate of 346,000.
 
It was the strongest sales pace since November 2008 and exceeded the forecasts of economists surveyed by Thomson Reuters, who expected a pace of 360,000 units.
 
The last time sales rose so dramatically was in December 2000.
 
This home-buying excess has been building for a while, said Chris Dickson, secretary and treasurer of the Evansville Area Association of Realtors.
 
"There's been a lot of pent-up demand over the spring; people have been holding off to buy. That demand is coming through," Dickson said.
 
National sales have risen for three straight months. The median sales price of $206,200, however, was down 12 percent from $234,300 a year earlier and down nearly 6 percent from $219,000 in May.
 
Things have been better in local counties than the national statistics.
 
Vanderburgh County had 214 new and existing sales in June, with an average sales price of $117,700. This represents a 4 percent increase from June 2008 in both units sold and average sales price.
 
Vanderburgh County has seen the real estate market increase every month since January, said Bob Reid with Appraisal Consultants.
 
Warrick County had 68 new and existing home sales in June for an average sales price of $163,900.
 
The report is seen as another encouraging sign that the beleaguered housing sector finally is coming back to life.
 
On Thursday, the National Association of Realtors reported that home resales posted a monthly increase of 3.6 percent in June.
 
Dickson said there are several lures for homeowners now, including first-time buyer incentives, $8,000 federal tax credit, incentives for buying foreclosed properties and low mortgage rates.
 
Dickson says this home-buying will help the economy.
 
"This is a very good time for sellers to get back into the market because there are buyers who want to buy.
 
"We've been through the valley, and we're coming out the other side."
 
Ray Simmons, sports information director at the University of Southern Indiana, recently sold his home and is having a new one built on Evansville's East Side.
 
He said his Realtor estimated it would take 60 days to sell his home, which was how long it took.
 
"She said she'd be able to get it sold," he said.
 
n The Associated Press contributed to this report.
Posted by: Rolando Trentini AT 05:16 pm   |  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?

REALTORŪ

 

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.
Site Powered By
    prostepmarketing.com
    Online web site design