There is a lot of media attention on the “Real Estate Bubble.” Here are the year end statistics for 2005 and 2006 from the Greater South Bend-Mishawaka MLS so you can see for yourself how the market is doing in and around South Bend.
| Â | 2005 | 2006 | Change |
| # 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% |
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While there are parts of the country that are experiencing a sharp downturn, South Bend has experienced slow steady growth and has not been hit with the huge price swings experienced elsewhere. In looking at prior years, I find the statistics to be remarkably similar.