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Fort Wayne Real Estate Market Update January 2023
Fort Wayne, Indiana is a great place to consider if you're in the market for a new home. With a low cost of living and lower interest rates, it's an affordable place to call home.
One of the biggest challenges facing Fort Wayne's real estate market is the low inventory of homes available for sale. This is a trend seen across the country, as many homeowners are choosing to stay put due to the limited inventory available. However, this low inventory can also create a sense of urgency for buyers, making it a good time to purchase a home in Fort Wayne.
Interest rates have also been a factor since the middle of 2022 with rates doubling from the lows of early 2022. In recent weeks we have begun to see a lowering of the rates and are currenltey at around…
NEW LISTING: 5344 Gardenview Ave Fort Wayne, IN 46809
Great new listing SW Fort Wayne
Wonderful low maintenance all-limestone ranch on partial basement with great curb appeal and location! The spacious floor plan offers 3 bedrooms with real hardwood floors, 2 full bathrooms, multiple living areas with a two sided limestone fireplace and an unfinished dry basement that offers endless possibilities. Updates include a new roof in 2022, bathroom with a tiled shower, countertops and high efficiency HVAC. This home is beautifully landscaped and sits on a .57 acre fenced in wooded lot giving you plenty of outdoor space. This home is move in ready!! Conveniently located near shopping, restaurants, Airport Expressway, GM and I-69.
Fort Wayne Housing Market Update July 2022
Quick Fort Wayne real estate market update comparing stats from July 2021 to July 2022. A lot of market factors are in play, we are contending with higher interest rates and inflation that has created some uncertainty for buyers and sellers. The great news for sellers is that we saw a 14.7% increase in home values over the past 12 months and inventory has decreased 12.9%. With the rise in interest rates and other market factors such as inflation the market has softened some and buyer activity has declined with fewer pendings and closed sales. It was not uncommon for there to be 10+ offers when a new listing hit the market last year, now we are seeing less activity (maybe 2-3 offers) and in some cases homes sitting on the market a little longer. Property…