Status of the South Bend Area Housing Market: 02/28/07

by Nick Molnar on February 28, 2007

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.

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