BAP Blog
Evansville - Newburgh Indiana Market Update
Evansville - Newburgh Indiana Market Update
Sales continue to improve. Buyer activity , especially first time home buyers that are wanting to take advantage of the $8000.00 tax credit and low interest rates has brought an increase in home sales. 231 homes closed in March which is up 18% from Feb. The average selling price for March was $121,960. Currently there is an increase in sales of lower priced homes due to the first time home buyer incentive. The list to sales price is still in the 94% to 96% range. The current market absorption rate is 6.8 months for Warrick County and 9.8 months for Vanderburgh County.
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