Wednesday, January 25, 2012

Market update for the past week of Bloomington's real estate industry


It's been a busy week in Bloomington and the surrounding area. Even with icy conditions buyers were ready to make a move.  And more and more homes keep coming on the market which makes the shopping great fun!

Indiana as a whole is seeing appreciation again in many areas, which will bring even better conditions to Bloomington.

Here are this past week's numbers:

  • 100 new listings
  • 26 withdrawn listings (like last week, most of these homes will have been pulled out of the MLS system and re-entered with a new MLS number.  All MLS numbers in this market start with the year they are entered into the system, so all new listings will be eight digits starting with 2012.  And having a new MLS number will make the listing appear as if it is fresh on the market)
  • 45 price changes (almost all, if not all, will be price reductions)
  • 16 homes sold
  • 61 homes went pending (this is a phenomenal number for this time of year!)
This time of year we are seeing a lot of local home owners making a move and trying to beat the rush of those buyers coming from out of the area with spring job offers.  The fact that people are making moves for more space or to a different neighborhood is a great sign of the confidence that Bloomingtonians have in our local economy.

Stay warm!