Wednesday, April 13, 2011

3 Month Market Update!

This data below is from all of Barry County. This only includes Residential sold properties.

From January 1st - March 31st 2010 Barry County saw 115 homes sold. The average price of these homes was $97,061.

From January 1st - March 31st of 2011 Barry County saw 113 homes sold. The average price of these homes was $97,652.


*This data proves we are on track to have a good, if not better year than 2010. The increase in the average price, yet small, proves we are in rebound mode and we hope this continues into the latter part of 2011.

*Currently there are many buyers looking for Real Estate. Local lenders are commenting on how their traffic is up with buyers looking for Pre-Approvals.

Miller Real Estate has many sales pending at the current time, and lots of prospective buyers looking for homes as the selling season kicks in. The Spring / Summer months are usually the most active and unlike 2009, we feel the market is on an upswing with hopes this will continue. Unfortunately the price of homes has not increased much at all. Until we reduce supply, average sale prices will continue to be flat.

If you have any questions please contact an agent of Miller Real Estate at 269-945-5182.
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