Between January 1st and the end of May 2011, there have been 940 sales for about $98.9 million recorded in the South Bend Area MLS. It breaks down like this:
- January: 141 sales / $12.6 m
- February: 127 sales / $10.5 m
- March: 201 sales / $20.4 m
- April: 228 sales / $27.3 m
- May: 243 sales / $28 m
To see the figures plotted against past years, follow the red line in the graph below.
Click for the full size image in a new window.
Real Estate Sales Prices
The high price sale was $1.39 million in April, which is such an outlier that it skews the scatter graph. Below are graphs that show every sale reported in the South Bend Area MLS for Jan-May 2011 (for completeness), and just those above $500k (for clarity).
Sales by Type of Financing
Cash sales account for nearly half of the number of sales this year, but only about one quarter of the sales volume. Many low price sales are cash purchases. The situation is nearly reversed for conventional financing, which accounts for just under 27% of sales by number but more than 44% of sales by volume. FHA loans contribute about 23-24% to the total of both number of sales and dollar volume of sales. Other types of financing, including VA loans and seller-financed sales, remain small parts of the South Bend market.