Looking at sales data from the Greater South Bend-Mishawaka MLS, February numbers are similar to the January sales report, except there have been more sales.
The MLS contains 2,068 homes listed for sale. Based on 2005/6 figures about 385 homes will sell each month – a 5.4 month supply of homes, and close to our definition of a buyer’s market: a six month supply.
Houses Listed: 1,965
Houses Sold 2/1 – 2/28: 249
About 13% of listed houses sold this month.
Villas/Townhouses/Condos Listed: 103
Villas/Townhouses/Condos Sold 2/1 – 2/28: 16
About 16% of listed villas/townhomes/condos sold this month.