My personal and not at all objective experience of the South Bend Area’s housing market is that it is becoming more active, but buyers are still looking for about a 10% discount from asking price. However the number of closed salesÂ hasn’t increased correspondingly. Though the number of sales is inching upwards, the pool of available listings continues to grow slightly. One notable exception is condominiums, which sold at aÂ much faster rate than houses or villas. This can probably be attributed to students and football fans preparing for Notre Dame’s coming school year / season.Â Here are the numbers:
Houses Listed as of 7/31: 2,371
Houses Sold 7/1 â€“ 7/31: 373
Low price sale: $5,000
High price sale: $930,000
About 16% of listed houses sold this month.
Townhouses/Condos Listed as of 7/31: 63
Townhouses/Condos Sold 7/1 â€“ 7/31: 16
Low price sale: $78,000
High price sale: $318,890
About 25% of listed townhomes/condos sold this month.
Villas Listed as of 7/31: 56
Villas Sold 7/1 â€“ 7/31: 8
Low sales price: $117,000
High sales price: $426,473
About 14% of listed villas sold this month.