There is a lot of media attention on the “Real Estate Bubble.” Here are the year end statistics for 2005 and 2006Â from the Greater South Bend-Mishawaka MLS so you canÂ see for yourself how theÂ market is doingÂ in and aroundÂ South Bend.
|# Sold Units:||4,523||4,705||+ 4%|
|Total Dollar Volume||543,021,041||567,218,313||+ 4%|
|Average Sale Price:||120,058||120,556||+ .004%|
|Median Sale Price:Â||99,900||98,800||– 1%|
While there are parts of the country that are experiencing a sharp downturn,has experienced slow steady growth and has not been hit with the huge price swings experienced elsewhere.Â In looking at prior years, I find the statistics to be remarkably similar.