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home : most recent : jackson February 26, 2015


2/19/2012 11:41:00 AM
Jackson County realtors say they are seeing local growth

Aubrey Woods, Tribune Editor

The real estate market in Jackson County, which reached a low point in early 2009, continues to improve but needs some help to keep getting stronger.

“Our problem is we don’t have enough homes listed,” Erin Rothert said.

Rothert, a Realtor with RE/MAX Professionals, Seymour, said she doesn’t believe it’s a buyer’s market right now.

“I personally think it’s a seller’s market,” Rothert said.

Rob Millman with the Seymour office of Prudential Indiana Realty Group agreed.

“From our company’s perspective, our sales volume is up nearly 20 percent compared to a year ago,” Millman said. “We have buyers, and we need additional inventory to sell.”

Millman said local Realtors feel they are fortunate compared to other areas of the state.

“The median home price in Jackson County is up 8 percent compared to one year ago according to our MLS (Multiple Listing Service) data and average days on the market have fallen from 152 days to 106 days,” Millman said.

Rothert said being able to sell a home in just a little more than three months is not bad.

Rothert said the average price for the 372 units sold in Jackson County during 2011 was $103,965, up from the average price for the 440 units sold in 2010.

She said the real estate bubble burst in early 2009 in Jackson County.

“Early 2009 was the worst time,” Rothert said. “The automotive recession hit in late 2008 and that’s what hurt Seymour and Jackson County.”

The real estate market in Jackson County, which reached a low point in early 2009, continues to improve but needs some help to keep getting stronger.

“Our problem is we don’t have enough homes listed,” Erin Rothert said.

Rothert, a Realtor with RE/MAX Professionals, Seymour, said she doesn’t believe it’s a buyer’s market right now.

“I personally think it’s a seller’s market,” Rothert said.

Rob Millman with the Seymour office of Prudential Indiana Realty Group agreed.

“From our company’s perspective, our sales volume is up nearly 20 percent compared to a year ago,” Millman said. “We have buyers, and we need additional inventory to sell.”

Millman said local Realtors feel they are fortunate compared to other areas of the state.

“The median home price in Jackson County is up 8 percent compared to one year ago according to our MLS (Multiple Listing Service) data and average days on the market have fallen from 152 days to 106 days,” Millman said.

Rothert said being able to sell a home in just a little more than three months is not bad.

Rothert said the average price for the 372 units sold in Jackson County during 2011 was $103,965, up from the average price for the 440 units sold in 2010.

She said the real estate bubble burst in early 2009 in Jackson County.

“Early 2009 was the worst time,” Rothert said. “The automotive recession hit in late 2008 and that’s what hurt Seymour and Jackson County.”

Related Stories:
• Steuben County home sales up in January 2012, other area counties down
• Howard County housing starts 2012 with pick up

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