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	<title>Evansville Home Listings &#38; Real Estate For Sale</title>
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		<title>Evansville Home Listings &#38; Real Estate For Sale</title>
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		<title>Evansville Area Real Estate Market Maintains Current Sales Pace</title>
		<link>http://evansvillerealestate.wordpress.com/2009/09/07/evansville-area-real-estate-market-maintains-current-sales-pace/</link>
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		<pubDate>Mon, 07 Sep 2009 20:47:59 +0000</pubDate>
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				<category><![CDATA[Evansville Market Report]]></category>

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		<description><![CDATA[Evansville Real Estate Market Maintains Current Sales Pace
September 8, 2009
In August the local real estate market maintained July 2009’s home sales pace. Buyer activity, especially among first time home buyers deciding to take advantage of the $8,000 tax credit and low interest rates, continues to be very active. August 2009 closed sales of 307 homes [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=evansvillerealestate.wordpress.com&blog=2326102&post=4470&subd=evansvillerealestate&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://www.findmyevansvillehome.com" target="_blank">Evansville Real Estate Market Maintains Current Sales Pace</a></p>
<p>September 8, 2009</p>
<p>In August the local real estate market maintained July 2009’s home sales pace. Buyer activity, especially among first time home buyers deciding to take advantage of the $8,000 tax credit and low interest rates, continues to be very active. August 2009 closed sales of 307 homes were down 3% from August 2008 sales and equivalent to July 2009 sales. In August 2009 the number of homes on the market was 2180 homes – which is comparable to previous months in 2009. September 2009 home sales are expected to be up from August 2009 home sales based on the number of homes that are reported to have accepted contracts. The average unit selling price for August 2009 of $117,484 was down 4% from 2008’s average of $122,786 and down 10% from August 2008’s average price of $130,417. While the average unit sale price is an indicator of home values, there are other factors which must be considered such as the mix of sales between higher priced homes and lower priced homes. Another item of note is that the list to sale price remained in the 94% to 96% range in August 2009 which indicates some discounting of list price in August. The factor that has the greatest impact on the market is the number of homes that are for sale. In August 2009 there were 2180 homes on the market. August 2008 had 2605 homes in inventory and the average for 2008 was 2491 homes. In August 2009 the absorption rate was at 7.1 months compared to previous highs in January 2009 of 15.1 months and in November 2008 of 12.4 months. There are several important factors that buyers and sellers need to be aware of when considering future real estate transactions. Consumer confidence continues to be low but is improving. The government continues to  take aggressive steps to stabilize the economy, unemployment rates are starting to level off, the stock market continues to recover, mortgage interest rates continue to be low, and home inventories are down-especially well cared for, updated, move-in ready homes. With the pent up buyer demand and first time home buyer tax credit incentive of $8,000, we are experiencing a market turn around.</p>
<p>The real estate market is truly a product of supply and demand. The changes in supply and demand create what is referred to as a Buyer’s or a Seller’s market. The absorption rate is often used as a measure of what is currently being experienced in the real estate market. Absorption rates below 6 are generally considered a Seller’s market and above 6.5 a Buyer’s market. The absorption rate calculates how long it would take the market to absorb or sell all the homes currently for sale at the current sales rate. Prior to 2008 the absorption rate for the four county area was 6 or below. The average for 2007 was 7.8 months and the average for 2008 was 9.2 months. REMEMBER ALL REAL ESTATE IS LOCAL IN NATURE.</p>
<p>Let us now go a step deeper and look at what is going on in each of the four counties as each county has its own story to tell.<br />
 <br />
Evansville and Vanderburgh County</p>
<p>In Vanderburgh County 192 homes were sold in August 2009 which is down 4% from August 2008 sales of 201 homes and up 3% from July 2009 sales of 187 homes. The average sales price for August 2009 was $103,593 which was down 6% from 2008’s average of $110,091. Sell price to list price ratio was 96%. Again the big factor is the number of homes on the market. August 2009 had 1427 homes for sale compared to 1637 for August 2008 and 1447 for July 2009. August 2009’s absorption rate was at 7.4 months compared to 14.7 months in January 2009 and 11.4 months in November 2008.<br />
Newburgh and Warrick County</p>
<p>August 2009 home sales of 67 homes were down 14% from August 2008 home sales of 78 homes and down 9% from July 2009 home sales of 74 homes. The average sales price for August 2009 was $171,923 compared to 2008’s average of $172,481. The sell to list ratio was 95%. August 2009 home inventory is at 410 homes compared to August 2008’s inventory of 557 homes and July 2009’s inventory of 443 homes. The August 2009 absorption rate was 6.1 months compared to January 2009’s absorption rate of 14.6 months and November 2008’s absorption rate of 12.8 months.<br />
Princeton and Gibson County</p>
<p>Gibson County home sales for August 2009 of 29 homes were up 32% from August 2008 sales of 22 homes and equal to July 2009 sales of 29 homes. The average unit sales price for August 2009 was $98,376 compared to 2008’s average of $95,500. The list to sell ratio was 96%. August 2009 home inventory is at 184 homes which is down from August 2008’s home inventory of 250 homes and equivalent to July 2009 home inventory of 182 homes. August 2009’s absorption rate was 6.3 months compared to January 2009’s absorption rate of 18.3 months and November 2008’s absorption rate of 15.9 months.<br />
Mount Vernon and Posey County</p>
<p>Posey County home sales for August 2009 of 19 homes were up 27% from August 2008 homes sales of 15 homes and equal to July 2009 home sales of 19 homes. The August 2009 average unit sales price was $95,050 compared to 2008’s average of $112,715. Posey County’s home inventory for August 2009 of 159 homes is equivalent to August 2008 home inventory and July 2009’s home inventory. The absorption rate in Posey County for August 2009 is at 8.4 months compared to February 2009’s absorption rate of 23.3 months and November 2008’s absorption rate of 24.5 months.<br />
What does all of this mean to buyers and sellers? Buyers remain in an excellent position to purchase. However, Buyers need to be aware of what homes are in inventory, especially well maintained, and competitively priced homes. The current trend points toward a continued tightening of saleable homes. The first time home buyer incentive of $8,000 tax credit is creating demand for housing. Interest rates are at the lowest they have been in many years. Mortgage programs have seen some tightening of requirements but are plentiful for buyers with acceptable credit scores. Mortgage rates are tied to 10 year treasury bills and not the overnight Fed rate which gets all the media attention. Sellers need to make sure that their homes are in top condition and well priced to attract a buyer. Those homes that are not in top condition and are not well priced are helping those sellers whose homes are in good condition and are appropriately priced to get their homes sold. Remember buyers purchase homes based on location, price and condition. Sellers have control of the condition of their home and with so many homes on the market; condition becomes a major deciding factor with buyers when making an offer to purchase.<br />
(Detailed statistical reports were generated from data supplied by the Evansville Area Assoc. of Realtors which is available upon request. Send your request to <a href="mailto:info@evvareahomes.com">info@evvareahomes.com</a>.)</p>
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		<title>Evansville Real Estate Market Takes A Breather in July</title>
		<link>http://evansvillerealestate.wordpress.com/2009/08/19/evansville-real-estate-market-takes-a-breather-in-july/</link>
		<comments>http://evansvillerealestate.wordpress.com/2009/08/19/evansville-real-estate-market-takes-a-breather-in-july/#comments</comments>
		<pubDate>Wed, 19 Aug 2009 20:37:07 +0000</pubDate>
		<dc:creator>remaxservices</dc:creator>
				<category><![CDATA[Evansville Market Report]]></category>

		<guid isPermaLink="false">http://evansvillerealestate.wordpress.com/?p=4468</guid>
		<description><![CDATA[August 8, 2009
Evansville Real Estate Market Takes A Breather in July
The local real estate market took a breather in July after 5 continuous months of increases in the numbers of homes sold. Buyer activity, especially among first time home buyers deciding to take advantage of the $8,000 tax credit and low interest rates, continues to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=evansvillerealestate.wordpress.com&blog=2326102&post=4468&subd=evansvillerealestate&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>August 8, 2009</p>
<p><strong><span style="text-decoration:underline;">Evansville Real Estate Market Takes A Breather in July</span></strong></p>
<p>The local real estate market took a breather in July after 5 continuous months of increases in the numbers of homes sold. Buyer activity, especially among first time home buyers deciding to take advantage of the $8,000 tax credit and low interest rates, continues to be very active. July 2009 closed sales of 305 homes were down 6.7% from June 2009 and July 2008 sales. In July 2009 the number of homes on the market was 2202 homes – which is comparable to previous months in 2009. August 2009 home sales are expected to be up from July 2009 home sales based on the number of homes that are reported to have accepted contracts. The average unit selling price for July 2009 of $124,993 was up 2% from 2008’s average of $122,786, but down 5% from July 2008’s average price of $131,869. While the average unit sale price is an indicator of home values, there are other factors which must be considered such as the mix of sales between higher priced homes and lower priced homes. Another item of note is that the list to sale price remained in the 94% to 96% range in July 2009 which indicates some discounting of list price in July. The factor that has the greatest impact on the market is the number of homes that are for sale. In July 2009 there were 2202 homes on the market. July 2008 had 2580 homes in inventory and the average for 2008 was 2491 homes. In July 2009 the absorption rate was at 7.2 months compared to previous highs in January 2009 of 15.1 months and in November 2008 of 12.4 months. There are several important factors that buyers and sellers need to be aware of when considering future real estate transactions. On the negative side: consumer confidence continues to be low. On the positive side: the government is taking aggressive steps to stabilize the economy, unemployment rates are starting to level off, the stock market continues to recover, interest rates are low, and home inventories are down-especially well cared for, updated, move-in ready homes. With the pent up buyer demand and first time home buyer tax credit incentive of $8,000, we are experiencing a market turn around.</p>
<p>The real estate market is truly a product of supply and demand. The changes in supply and demand create what is referred to as a Buyer’s or a Seller’s market. The absorption rate is often used as a measure of what is currently being experienced in the real estate market. Absorption rates below 6 are generally considered a Seller’s market and above 6.5 a Buyer’s market. The absorption rate calculates how long it would take the market to absorb or sell all the homes currently for sale at the current sales rate. Prior to 2008 the absorption rate for the four county area was 6 or below. The average for 2007 was 7.8 months and the average for 2008 was 9.2 months. REMEMBER ALL REAL ESTATE IS LOCAL IN NATURE.</p>
<p>Let us now go a step deeper and look at what is going on in each of the four counties as each county has its own story to tell.</p>
<p> </p>
<p>Evansville and Vanderburgh County</p>
<p>In Vanderburgh County 184 homes were sold in July 2009 which is down 12% from July 2008 and down 15% from June 2009. The average sales price for July 2009 was $116,549 which was up from 2008’s average of $110,091. Sell price to list price ratio was 96%. Again the big factor is the number of homes on the market. July 2009 had 1428 homes for sale compared to 1635 for July 2008 and 1410 for June 2009. July 2009’s absorption rate was at 7.2 months compared to 14.7 months in January 2009 and 11.4 months in November 2008.<br />
Newburgh and Warrick County</p>
<p>July 2009 home sales of 73 homes were down 5% from July 2008 home sales of 77 homes but up 6% from June 2009 home sales. The average sales price for July 2009 was $157,302 compared to 2008’s average of $172,481. The sell to list ratio was 94%. July 2009 home inventory is at 434 homes compared to July 2008’s inventory of 548 homes and June 2009’s inventory of 463 homes. The July 2009 absorption rate was 6.0 months compared to January 2009’s absorption rate of 14.6 months and November 2008’s absorption rate of 12.8 months.<br />
Princeton and Gibson County</p>
<p>Gibson County home sales for July 2009 of 29 homes were up 38% from July 2008 sales of 21 homes and up 7% form June 2009 sales of 27 homes. The average unit sales price for July 2009 was $114,559 compared to 2008’s average of $95,500. The list to sell ratio returned to the normal 93% to 95% range. July 2009 home inventory is at 179 homes which is down from July 2008’s home inventory of 238 homes and June 2009 home inventory of 178 homes. July 2009’s absorption rate was 6.2 months compared to January 2009’s absorption rate of 18.3 months and November 2008’s absorption rate of 15.9 months.<br />
Mount Vernon and Posey County</p>
<p>Posey County home sales for July 2009 of 19 homes were down 5% from July 2008 homes sales of 20 homes but up 27% from June 2009 home sales of 15 homes. The July 2009 average unit sales price was $98,558 compared to 2008’s average of $112,715. Posey County’s home inventory for July 2009 of 161 homes is equivalent to July 2008 home inventory of 159 homes and June 2009’s home inventory of 153 homes. The absorption rate in Posey County for July 2009 is at 8.5 months compared to February 2009’s absorption rate of 23.3 months and November 2008’s absorption rate of 24.5 months.<br />
What does all of this mean to buyers and sellers? Buyers remain in an excellent position to purchase. However, Buyers need to be aware of what homes are in inventory, especially well maintained, and competitively priced homes. The current trend points toward a continued tightening of saleable homes. The first time home buyer incentive of $8,000 tax credit is creating demand for housing. Interest rates are at the lowest they have been in many years. Mortgage programs have seen some tightening of requirements but are plentiful for buyers with acceptable credit scores. Mortgage rates are tied to 10 year treasury bills and not the overnight Fed rate which gets all the media attention. Sellers need to make sure that their homes are in top condition and well priced to attract a buyer. Those homes that are not in top condition and are not well priced are helping those sellers whose homes are in good condition and are appropriately priced to get their homes sold. Remember buyers purchase homes based on location, price and condition. Sellers have control of the condition of their home and with so many homes on the market; condition becomes a major deciding factor with buyers when making an offer to purchase.<br />
(Detailed statistical reports were generated from data supplied by the Evansville Area Assoc. of Realtors which is available upon request. Send your request to <a href="mailto:info@evvareahomes.com">info@evvareahomes.com</a>.)</p>
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		<title>Evansville Real Estate Market Continues to Improve</title>
		<link>http://evansvillerealestate.wordpress.com/2009/08/19/evansville-real-estate-market-continues-to-improve-2/</link>
		<comments>http://evansvillerealestate.wordpress.com/2009/08/19/evansville-real-estate-market-continues-to-improve-2/#comments</comments>
		<pubDate>Wed, 19 Aug 2009 20:34:42 +0000</pubDate>
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				<category><![CDATA[Evansville Market Report]]></category>

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		<description><![CDATA[July 18, 2009
Evansville Real Estate Market Continues to Improve
The local real estate market continues to show signs of improvement with 6 continuous months of increase in the numbers of homes sold with May and June 2009 at higher sales volume than May and June of 2008. Buyer activity, especially among first time home buyers deciding [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=evansvillerealestate.wordpress.com&blog=2326102&post=4466&subd=evansvillerealestate&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>July 18, 2009</p>
<p><strong><span style="text-decoration:underline;">Evansville Real Estate Market Continues to Improve</span></strong></p>
<p>The local real estate market continues to show signs of improvement with 6 continuous months of increase in the numbers of homes sold with May and June 2009 at higher sales volume than May and June of 2008. Buyer activity, especially among first time home buyers deciding to take advantage of the $8,000 tax credit and low interest rates, has spurred on sales. June 2009 closed sales of 325 homes were up 2.8% from June 2008 sales and were up 9% from May 2009. In June 2009 the number of homes on the market plateaued at 2157 homes – the lowest level since May 2006. July 2009 home sales are expected to be up from June 2009 home sales based on the number of homes that are reported to have accepted contracts. The average unit selling price for June 2009 of $121,328 was down 1% from 2008’s average of $122,786, and is down 11% from June 2008’s average price of $136,326. While the average unit sale price is an indicator of home values, there are other factors which must be considered such as the mix of sales between higher priced homes and lower priced homes. Another item of note is that the list to sale price remained in the 94% range in June 2009 which indicates some discounting of list price in June. The factor that has the greatest impact on the market is the number of homes that are for sale. In June 2009 there were 2157 homes on the market. June 2008 had 2602 homes in inventory and the average for 2008 was 2491 homes. In June the absorption rate decreased to 6.6 months after previous highs in January 2009 of 15.1 months and in November 2008 of 12.4 months. May 2007 was the last time absorption rate was in the 6.5 months range. There are several important factors that buyers and sellers need to be aware of when considering future real estate transactions. On the negative side: consumer confidence continues to be low and unemployment continues to climb. On the positive side: the government is taking aggressive steps to stabilize the economy, interest rates are low, and home inventories are down-especially well cared for, updated, move-in ready homes. With the pent up buyer demand and first time home buyer tax credit incentive of $8,000, indications are that we are experiencing a market turn around.</p>
<p>The real estate market is truly a product of supply and demand. The changes in supply and demand create what is referred to as a Buyer’s or a Seller’s market. The absorption rate is often used as a measure of what is currently being experienced in the real estate market. Absorption rates below 6 are generally considered a Seller’s market and above 6.5 a Buyer’s market. The absorption rate calculates how long it would take the market to absorb or sell all the homes currently for sale at the current sales rate. Prior to 2008 the absorption rate for the four county area was 6 or below. The average for 2007 was 7.8 months and the average for 2008 was 9.2 months. REMEMBER ALL REAL ESTATE IS LOCAL IN NATURE.</p>
<p>Let us now go a step deeper and look at what is going on in each of the four counties as each county has its own story to tell.</p>
<p> </p>
<p>Evansville and Vanderburgh County</p>
<p>In Vanderburgh County 215 homes were sold in June 2009 which is up 11% from June 2008 and up 10% from May 2009. The average sales price for June 2009 was $117,901 which was up from 2008’s average of $110,091. Sell price to list price ratio was 96%. Again the big factor is the number of homes on the market. June 2009 had 1380 homes for sale compared to 1673 for June 2008 and 1365 for May 2009. June 2009’s absorption rate decreased to 6.4 months from 14.7 months in January 2009 and from 11.4 months in November 2008.<br />
Newburgh and Warrick County</p>
<p>June 2009 home sales of 68 homes were down 16% from June 2008 home sales of 81 homes but up 6% from May 2009 home sales. The average sales price for June 2009 was $163,923 compared to 2008’s average of $172,481. The sell to list ratio was 95%. June 2009 home inventory is at 453 homes compared to June 2008’s inventory of 532 homes and May 2009’s inventory of 455 homes. The June 2009 absorption rate was 6.7 months compared to January 2009’s absorption rate of 14.6 months and November 2008’s absorption rate of 12.8 months.<br />
Princeton and Gibson County</p>
<p>Gibson County home sales for June 2009 of 28 homes were up 33% from June 2008 sales of 21 homes and May 2009 sales of 21 homes. The average unit sales price for June 2009 was $59,863 compared to 2008’s average of $95,500. The list to sell ratio fell to 91% from the normal 93% to 95% range. June 2009 home inventory is at 173 homes which is down from June 2008’s home inventory of 246 homes and May 2009 home inventory of 186 homes. June 2009’s absorption rate was 6.2 months compared to January 2009’s absorption rate of 18.3 months and November 2008’s absorption rate of 15.9 months.<br />
Mount Vernon and Posey County</p>
<p>Posey County home sales for June 2009 of 14 homes were down 30% from June 2008 homes sales of 20 homes and down 1.2% from May 2009 home sales of 16 homes. The June 2009 average unit sales price was $89,993 compared to 2008’s average of $112,715. Posey County’s home inventory for June 2009 of 151 homes is equal to June 2008 home inventory of 151 homes and up slightly from May 2009’s home inventory of 148 homes. The absorption rate in Posey County for June 2009 is at 10.8 months compared to February 2009’s absorption rate of 23.3 months and November 2008’s absorption rate of 24.5 months.<br />
What does all of this mean to buyers and sellers? Buyers remain in an excellent position to purchase. However, Buyers need to be aware of what homes are in inventory, especially well maintained, and competitively priced homes. The current trend points toward a continued tightening of saleable homes. The first time home buyer incentive of $8,000 tax credit is creating demand for housing. Interest rates are at the lowest they have been in many years. Mortgage programs have seen some tightening of requirements but are plentiful for buyers with acceptable credit scores. Mortgage rates are tied to 10 year treasury bills and not the overnight Fed rate which gets all the media attention. Sellers need to make sure that their homes are in top condition and well priced to attract a buyer. Those homes that are not in top condition and are not well priced are helping those sellers whose homes are in good condition and are appropriately priced to get their homes sold. Remember buyers purchase homes based on location, price and condition. Sellers have control of the condition of their home and with so many homes on the market; condition becomes a major deciding factor with buyers when making an offer to purchase.<br />
(Detailed statistical reports were generated from data supplied by the Evansville Area Assoc. of Realtors which is available upon request. Send your request to <a href="mailto:info@evvareahomes.com">info@evvareahomes.com</a>.)</p>
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		<title>Evansville Real Estate Market Continues to Improve</title>
		<link>http://evansvillerealestate.wordpress.com/2009/06/07/evansville-real-estate-market-continues-to-improve/</link>
		<comments>http://evansvillerealestate.wordpress.com/2009/06/07/evansville-real-estate-market-continues-to-improve/#comments</comments>
		<pubDate>Sun, 07 Jun 2009 16:07:02 +0000</pubDate>
		<dc:creator>remaxservices</dc:creator>
				<category><![CDATA[Evansville Market Report]]></category>
		<category><![CDATA[evansville homes for sale]]></category>
		<category><![CDATA[evansville indiana real estate]]></category>
		<category><![CDATA[evansville real estate]]></category>

		<guid isPermaLink="false">http://evansvillerealestate.wordpress.com/?p=4464</guid>
		<description><![CDATA[Evansville Real Estate Market Continues to Improve
June 5, 2009
The local real estate market continues to show signs of improvement with increasing numbers of homes sold and increases in the average selling price. Buyer activity, especially among first time home buyers deciding to take advantage of the $8,000 tax credit and low interest rates, has spurred [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=evansvillerealestate.wordpress.com&blog=2326102&post=4464&subd=evansvillerealestate&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://www.findmyevansvillehome.com" target="_blank">Evansville Real Estate Market Continues to Improve</a></p>
<p>June 5, 2009</p>
<p>The local real estate market continues to show signs of improvement with increasing numbers of homes sold and increases in the average selling price. Buyer activity, especially among first time home buyers deciding to take advantage of the $8,000 tax credit and low interest rates, has spurred on sales. May 2009 closed sales of 290 homes were equal to May 2008 sales and were up 8% from April 2009. In May 2009 the number of homes on the market decreased for the ninth month in a row to 2103 homes – the lowest level since May 2006. June 2009 home sales are expected to be up from May 2009 home sales based on the number of homes that are reported to have accepted contracts. The average unit selling price for May 2009 of $135,833 was up over 10% from 2008’s average of $122,786, and is up 12% from May 2008’s average price of $121,634. While the average unit sale price is an indicator of home values, there are other factors which must be considered such as the mix of sales between higher priced homes and lower priced homes. Another item of note is that the list to sale price climbed back up to 96% in May 2009 compared to the normal list to sale price range of 94% to 96% which indicates some discounting of list price in May. The factor that has the greatest impact on the market is the number of homes that are for sale. In May 2009 there were 2103 homes on the market. May 2008 had 2537 homes in inventory and the average for 2008 was 2601 homes. In May 2009 the absorption rate decreased to 7.3 months after previous highs in January 2009 of 15.1 months and in November 2008 of 12.4 months. There are several important factors that buyers and sellers need to be aware of when considering future real estate transactions. On the negative side: consumer confidence continues to be low and unemployment continues to climb. On the positive side: the government is taking aggressive steps to stabilize the economy, interest rates are low, and home inventories are down-especially well cared for, updated, move-in ready homes. With the pent up buyer demand and first time home buyer tax credit incentive of $8,000, indications are that we are experiencing a market turn around.</p>
<p>The real estate market is truly a product of supply and demand. The changes in supply and demand create what is referred to as a Buyer’s or a Seller’s market. The absorption rate is often used as a measure of what is currently being experienced in the real estate market. Absorption rates below 6 are generally considered a Seller’s market and above 6.5 a Buyer’s market. The absorption rate calculates how long it would take the market to absorb or sell all the homes currently for sale at the current sales rate. Prior to 2008 the absorption rate for the four county area was 6 or below. The average for 2007 was 7.8 months and the average for 2008 was 9.2 months. REMEMBER ALL REAL ESTATE IS LOCAL IN NATURE.</p>
<p>Let us now go a step deeper and look at what is going on in each of the four counties as each county has its own story to tell.</p>
<p> </p>
<p>Evansville and Vanderburgh County</p>
<p>In Vanderburgh County 193 homes were sold in May 2009 which is up 2.1% from May 2008 and up 11% from April 2009. The average sales price for May 2009 was $132,932 which was up from 2008’s average of $110,091. Sell price to list price ratio was 96%. Again the big factor is the number of homes on the market. May 2009 had 1330 homes for sale compared to 1661 for May 2008 and 1366 for April 2009. May 2009’s absorption rate decreased to 6.9 months from 14.7 months in January 2009 and from 11.4 months in November 2008.<br />
Newburgh and Warrick County</p>
<p>May 2009 home sales of 62 homes were down 5% from May 2008 home sales of 65 homes but up 5% from April 2009 home sales. The average sales price for May 2009 was $160,818 compared to 2008’s average of $172,481. The sell to list ratio was 96%. May 2009 home inventory is at 447 homes compared to May 2008’s inventory of 539 homes and April 2009’s inventory of 435 homes. The May 2009 absorption rate was 7.2 months compared to January 2009’s absorption rate of 14.6 months and November 2008’s absorption rate of 12.8 months.<br />
Princeton and Gibson County</p>
<p>Gibson County home sales for May 2009 of 21 homes were equivalent to May 2008 sales of 19 homes and April 2009 sales of 23 homes. The average unit sales price for May 2009 was $83,119 compared to 2008’s average of $95,500. The list to sell ratio remains in the 93% to 95% range. May 2009 home inventory is at 179 homes which is down from May 2008’s home inventory of 248 homes and April 2009 home inventory of 193 homes. May 2009’s absorption rate was 8.5 months compared to January 2009’s absorption rate of 18.3 months and November 2008’s absorption rate of 15.9 months.<br />
Mount Vernon and Posey County</p>
<p>Posey County home sales for May 2009 of 14 homes were equivalent to May 2008 homes sales of 16 homes and April 2009 home sales of 12 homes. The May 2009 average unit sales price was $144,250 compared to 2008’s average of $112,715. Posey County’s home inventory for May 2009 of 147 homes is down from May 2008 home inventory of 153 homes and April 2009’s home inventory of 141 homes. The absorption rate in Posey County for May 2009 is at 10.5 months compared to February 2009’s absorption rate of 23.3 months and November 2008’s absorption rate of 24.5 months.<br />
What does all of this mean to buyers and sellers? Buyers remain in an excellent position to purchase. However, Buyers need to be aware of what homes are in inventory, especially well maintained, and competitively priced homes. The current trend points toward a continued tightening of saleable homes. The first time home buyer incentive of $8,000 tax credit is creating demand for housing. Interest rates are at the lowest they have been in many years. Mortgage programs have seen some tightening of requirements but are plentiful for buyers with acceptable credit scores. Mortgage rates are tied to 10 year treasury bills and not the overnight Fed rate which gets all the media attention. Sellers need to make sure that their homes are in top condition and well priced to attract a buyer. Those homes that are not in top condition and are not well priced are helping those sellers whose homes are in good condition and are appropriately priced to get their homes sold. Remember buyers purchase homes based on location, price and condition. Sellers have control of the condition of their home and with so many homes on the market; condition becomes a major deciding factor with buyers when making an offer to purchase.<br />
(Detailed statistical reports were generated from data supplied by the Evansville Area Assoc. of Realtors which is available upon request. Send your request to <a href="mailto:info@evvareahomes.com">info@evvareahomes.com</a>.)</p>
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		<title>New Harmony Home For Sale</title>
		<link>http://evansvillerealestate.wordpress.com/2009/05/30/new-harmony-home-for-sale-4/</link>
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		<pubDate>Sat, 30 May 2009 01:52:17 +0000</pubDate>
		<dc:creator>remaxservices</dc:creator>
				<category><![CDATA[Evansville Indiana Home Listings]]></category>
		<category><![CDATA[evansville homes for sale]]></category>
		<category><![CDATA[evansville indiana real estate]]></category>
		<category><![CDATA[evansville real estate]]></category>

		<guid isPermaLink="false">http://evansvillerealestate.wordpress.com/?p=4461</guid>
		<description><![CDATA[515 Arthur Street, New Harmony, Indiana
Remarks: Bordering the Wabash River this Home has the aura of authenticity of an 1840 built Salt Box with all the modern coveniences. Perfect for showcasing your antiques.There is plenty of space for entertaining. An existing brick cottage, dating to the 1840&#8217;s is joined to the house with a breezeway. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=evansvillerealestate.wordpress.com&blog=2326102&post=4461&subd=evansvillerealestate&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><div id="attachment_4462" class="wp-caption alignnone" style="width: 160px"><img class="size-thumbnail wp-image-4462" title="165348_0406250" src="http://evansvillerealestate.files.wordpress.com/2009/05/165348_0406250.jpg?w=150&#038;h=112" alt="515 Arthur Street, New Harmony, Indiana" width="150" height="112" /><p class="wp-caption-text">515 Arthur Street, New Harmony, Indiana</p></div>
<p><a href="http://www.findmyevansvillehome.com" target="_blank">515 Arthur Street, New Harmony, Indiana</a></p>
<p><strong><span style="font-size:xx-small;">Remarks:</span></strong> <span style="font-size:xx-small;">Bordering the Wabash River this Home has the aura of authenticity of an 1840 built Salt Box with all the modern coveniences. Perfect for showcasing your antiques.There is plenty of space for entertaining. An existing brick cottage, dating to the 1840&#8217;s is joined to the house with a breezeway. There is a keeping room that adjoins the kitchen with a fireplace &amp; brick floors. Wood floor in the entryway and throughout .the house are native poplar. The library has book shelves made from wild cherry from the original owner&#8217;s family farm in Posey County. Most of the woodwork in the home was milled an crafted locally. Above the cottage is a penthouse suite with view of the Wabash River. There are 2 parcels totaling 5 .275Acres. The perfect home for Historic New Harmony </span></p>
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		<title>Newburgh HUD Home For Sale</title>
		<link>http://evansvillerealestate.wordpress.com/2009/05/30/newburgh-hud-home-for-sale-7/</link>
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		<pubDate>Sat, 30 May 2009 01:49:38 +0000</pubDate>
		<dc:creator>remaxservices</dc:creator>
				<category><![CDATA[Evansville Indiana Home Listings]]></category>
		<category><![CDATA[HUD Home Listings]]></category>
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		<guid isPermaLink="false">http://evansvillerealestate.wordpress.com/?p=4458</guid>
		<description><![CDATA[4999 Jamestown Drive, Newburgh, Indiana
Remarks: HUD case # 151-541397. To be sold &#8220;AS IS&#8221;. For more information on electronic bidding, earnest money, procedures, lead based paint, non-discrimination clause, etc. refer to www.HMBIweb.com. Insured status &#8211; IN. 203(k) eligible YES. Minimum Escrow Amount $0.00 if financed with 203(b) loan. 
       [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=evansvillerealestate.wordpress.com&blog=2326102&post=4458&subd=evansvillerealestate&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><div id="attachment_4459" class="wp-caption alignnone" style="width: 160px"><img class="size-thumbnail wp-image-4459" title="165443_0625000" src="http://evansvillerealestate.files.wordpress.com/2009/05/165443_0625000.jpg?w=150&#038;h=112" alt="4999 Jamestown Drive, Newburgh, Indiana" width="150" height="112" /><p class="wp-caption-text">4999 Jamestown Drive, Newburgh, Indiana</p></div>
<p><a href="http://www.findmyevansvillehome.com" target="_blank">4999 Jamestown Drive, Newburgh, Indiana</a></p>
<p><strong><span style="font-size:xx-small;">Remarks:</span></strong> <span style="font-size:xx-small;">HUD case # 151-541397. To be sold &#8220;AS IS&#8221;. For more information on electronic bidding, earnest money, procedures, lead based paint, non-discrimination clause, etc. refer to www.HMBIweb.com. Insured status &#8211; IN. 203(k) eligible YES. Minimum Escrow Amount $0.00 if financed with 203(b) loan. </span></p>
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		<title>Chandler HUD Home For Sale</title>
		<link>http://evansvillerealestate.wordpress.com/2009/05/30/chandler-hud-home-for-sale-2/</link>
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		<pubDate>Sat, 30 May 2009 01:46:37 +0000</pubDate>
		<dc:creator>remaxservices</dc:creator>
				<category><![CDATA[Evansville Indiana Home Listings]]></category>
		<category><![CDATA[HUD Home Listings]]></category>
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		<guid isPermaLink="false">http://evansvillerealestate.wordpress.com/?p=4455</guid>
		<description><![CDATA[6711 David Drive, Chandler, Indiana
Remarks: HUD case # 151-788444. To be sold &#8220;AS IS&#8221;. For more information on electronic bidding, earnest money, procedures, lead based paint, non-discrimination clause, etc. refer to www.HMBIweb.com. Insured status &#8211; IN. 203(k) eligible YES. Minimum Escrow Amount $0.00 if financed with 203(b) loan. 
       [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=evansvillerealestate.wordpress.com&blog=2326102&post=4455&subd=evansvillerealestate&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><div id="attachment_4456" class="wp-caption alignnone" style="width: 160px"><img class="size-thumbnail wp-image-4456" title="165239_0406250" src="http://evansvillerealestate.files.wordpress.com/2009/05/165239_0406250.jpg?w=150&#038;h=112" alt="6711 David Drive, Chandler, Indiana" width="150" height="112" /><p class="wp-caption-text">6711 David Drive, Chandler, Indiana</p></div>
<p><a href="http://www.findmyevansvillehome.com" target="_blank">6711 David Drive, Chandler, Indiana</a></p>
<p><strong><span style="font-size:xx-small;">Remarks:</span></strong> <span style="font-size:xx-small;">HUD case # 151-788444. To be sold &#8220;AS IS&#8221;. For more information on electronic bidding, earnest money, procedures, lead based paint, non-discrimination clause, etc. refer to www.HMBIweb.com. Insured status &#8211; IN. 203(k) eligible YES. Minimum Escrow Amount $0.00 if financed with 203(b) loan. </span></p>
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		<title>Evansville Home For Sale</title>
		<link>http://evansvillerealestate.wordpress.com/2009/05/30/evansville-home-for-sale-251/</link>
		<comments>http://evansvillerealestate.wordpress.com/2009/05/30/evansville-home-for-sale-251/#comments</comments>
		<pubDate>Sat, 30 May 2009 01:42:20 +0000</pubDate>
		<dc:creator>remaxservices</dc:creator>
				<category><![CDATA[Evansville Indiana Home Listings]]></category>
		<category><![CDATA[evansville homes for sale]]></category>
		<category><![CDATA[evansville indiana real estate]]></category>
		<category><![CDATA[evansville real estate]]></category>

		<guid isPermaLink="false">http://evansvillerealestate.wordpress.com/?p=4452</guid>
		<description><![CDATA[648 Woodbriar Court, Evansville, Indiana
Remarks: Motivated seller ! Large 2 story home in a great area and on a cul de sac. The downstairs you will find beautiful hardwood flooring in the formal living room and dining room. Large eat in kitchen thats fully applianced that opens up to a cosy family room with a [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=evansvillerealestate.wordpress.com&blog=2326102&post=4452&subd=evansvillerealestate&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><div id="attachment_4453" class="wp-caption alignnone" style="width: 160px"><img class="size-thumbnail wp-image-4453" title="165262_0656250" src="http://evansvillerealestate.files.wordpress.com/2009/05/165262_0656250.jpg?w=150&#038;h=112" alt="648 Woodbriar Court, Evansville, Indiana" width="150" height="112" /><p class="wp-caption-text">648 Woodbriar Court, Evansville, Indiana</p></div>
<p><a href="http://www.findmyevansvillehome.com" target="_blank">648 Woodbriar Court, Evansville, Indiana</a></p>
<p><strong><span style="font-size:xx-small;">Remarks:</span></strong> <span style="font-size:xx-small;">Motivated seller ! Large 2 story home in a great area and on a cul de sac. The downstairs you will find beautiful hardwood flooring in the formal living room and dining room. Large eat in kitchen thats fully applianced that opens up to a cosy family room with a wood burning fireplace. The first floor also has a 1/2 bath and laundry area&#8217;s. The second floor bedrooms are all repainted with nice neutral colors. The master is large with walkin closet and masterbath. The second floor also has a bonus room that could be used as a 4th bedroom with a built in office area. The fenced in yard with a nice deck would be a great place to entertain. Large 2.5 car garage with lots of space tops it off. This is a great home and with a little work it can be a show case home. The home is being sold as is. </span></p>
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		<title>Evansville Home For Sale</title>
		<link>http://evansvillerealestate.wordpress.com/2009/05/30/evansville-home-for-sale-250/</link>
		<comments>http://evansvillerealestate.wordpress.com/2009/05/30/evansville-home-for-sale-250/#comments</comments>
		<pubDate>Sat, 30 May 2009 01:40:01 +0000</pubDate>
		<dc:creator>remaxservices</dc:creator>
				<category><![CDATA[Evansville Indiana Home Listings]]></category>
		<category><![CDATA[evansville homes for sale]]></category>
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		<guid isPermaLink="false">http://evansvillerealestate.wordpress.com/?p=4449</guid>
		<description><![CDATA[3000 Eastbrooke Drive, Evansville, Indiana
Remarks: Backyard Oasis&#8230; sparkling pool is open and ready for you to enjoy! Invite family and friends for cook-outs on the fabulous deck overlooking your 18&#8242; x 32&#8242; in-ground dive pool. Set up your hammock and relax on the lawn area. Enjoy fresh peaches from your own peach tree this summer. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=evansvillerealestate.wordpress.com&blog=2326102&post=4449&subd=evansvillerealestate&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><div id="attachment_4450" class="wp-caption alignnone" style="width: 160px"><img class="size-thumbnail wp-image-4450" title="165306_0375000" src="http://evansvillerealestate.files.wordpress.com/2009/05/165306_0375000.jpg?w=150&#038;h=112" alt="3000 Eastbrooke Drive, Evansville, Indiana" width="150" height="112" /><p class="wp-caption-text">3000 Eastbrooke Drive, Evansville, Indiana</p></div>
<p><a href="http://www.findmyevansvillehome.com" target="_blank">3000 Eastbrooke Drive, Evansville, Indiana</a></p>
<p><strong><span style="font-size:xx-small;">Remarks:</span></strong> <span style="font-size:xx-small;">Backyard Oasis&#8230; sparkling pool is open and ready for you to enjoy! Invite family and friends for cook-outs on the fabulous deck overlooking your 18&#8242; x 32&#8242; in-ground dive pool. Set up your hammock and relax on the lawn area. Enjoy fresh peaches from your own peach tree this summer. But wait&#8230; the inside of this home is even better&#8230; the kitchen is enormous with plenty of room to cook or entertain. Lots of cabinets and counter space, stainless steel Whirlpool refrigerator, Jenn-Air grill/range, Whirlpool double wall ovens and a handy work island/breakfast bar. Room for the biggest of dining tables. With the new tile floor, this is a WOW kitchen. The living room features hardwood floors and a picture window with a panoramic view. Lower level has a terrific family room with a wood burning fireplace and a wet bar with sink. Walk through the huge laundry room (tons of cabinets!) to the pool area. On the upper level are 3 bedrooms and a large full bath updated with tile. The 24&#8242; x 28&#8242; garage has room for 2 cars plus a large workshop area with 40amp electrical. Current owners have spent thousands of dollars updating the home by removing wallpaper, painting, adding floor tile, reroofing both the house and garage with 30 year shingles, resealing the driveway and more! You will fall in love with this home the minute you step inside. It is a pleasure to tour. And the location is convenient to the library, CVS, banks, and grocery store. Nestled in a nice neighborhood with mature trees and lawns, it is hard to imagine you are so close to major roads which cut commuting time. Fantastic floor plan and backyard. Hurry, won&#8217;t last long. </span></p>
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		<title>Evansville Home with Price Adjustment</title>
		<link>http://evansvillerealestate.wordpress.com/2009/05/30/evansville-home-with-price-adjustment-265/</link>
		<comments>http://evansvillerealestate.wordpress.com/2009/05/30/evansville-home-with-price-adjustment-265/#comments</comments>
		<pubDate>Sat, 30 May 2009 01:37:31 +0000</pubDate>
		<dc:creator>remaxservices</dc:creator>
				<category><![CDATA[Evansville Homes With Price Adjustments]]></category>
		<category><![CDATA[evansville homes for sale]]></category>
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		<guid isPermaLink="false">http://evansvillerealestate.wordpress.com/?p=4446</guid>
		<description><![CDATA[2325 Sheridan Road, Evansville, Indiana
Remarks: OPEN HOUSE SUNDAY, MAY 31ST 2:30-4:30 PM&#8230;..CHECK TO SEE IF YOU QUALIFY FOR UP TO: $8,000 TAX CREDIT FOR FIRST TIME HOME BUYERS. Immaculate home on Evansville&#8217;s Northwest side. This home has been lovingly cared for and updated with 3 bedrooms and 1 full bath plus lovely new kitchen cabinets [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=evansvillerealestate.wordpress.com&blog=2326102&post=4446&subd=evansvillerealestate&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><div id="attachment_4447" class="wp-caption alignnone" style="width: 160px"><img class="size-thumbnail wp-image-4447" title="164291_0250000" src="http://evansvillerealestate.files.wordpress.com/2009/05/164291_02500001.jpg?w=150&#038;h=112" alt="2325 Sheridan Road, Evansville, Indiana" width="150" height="112" /><p class="wp-caption-text">2325 Sheridan Road, Evansville, Indiana</p></div>
<p><a href="http://www.findmyevansvillehome.com" target="_blank">2325 Sheridan Road, Evansville, Indiana</a></p>
<p><strong><span style="font-size:xx-small;">Remarks:</span></strong> <span style="font-size:xx-small;">OPEN HOUSE SUNDAY, MAY 31ST 2:30-4:30 PM&#8230;..CHECK TO SEE IF YOU QUALIFY FOR UP TO: $8,000 TAX CREDIT FOR FIRST TIME HOME BUYERS. Immaculate home on Evansville&#8217;s Northwest side. This home has been lovingly cared for and updated with 3 bedrooms and 1 full bath plus lovely new kitchen cabinets and countertops, new hardwood flooring and includes all appliances and washer/dryer. Enjoy the large fenced in yard and garage too! Original hardwood flooring is exposed in two bedrooms and existing presently under carpet in living room, 3rd bedroom, and hallway. </span></p>
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