Houses in Michiana areas are selling fast - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Houses in Michiana areas are selling fast


"We're just glad the market has turned around," says Diana Yoder. She is moving out of her home and into a condo. Little did she know how soon.

"It just throws you off to think 'oh my it's really going to happen."

Diana and her husband put their house on the market two weeks ago and they already have an offer. "That is a very big relief because we were afraid. We've already started moving a couple things so we could move quickly if we needed to."

Diana's broker, Tracy Jones says this is the trend she's seeing across Elkhart.

"What we've had in the past are homes that are sitting on the market for six months or longer and recently within the past couple of weeks, the homes have been selling very quickly," says Jones.

She says they're going fast because there are more buyers than available homes right now. "I think buyers have more confidence now than they did in the past couple years, it might be the beginning of a recovery."

Not only are they selling fast, she's actually seeing bidding wars again and buyers who are slow to act are starting to lose out on their dream homes. That's certainly a change from what's been happening in the market.

"The buyers could offer less on the price and they called the shots, so now it's the sellers turn," says Jones.

Judy Allie is a realtor in and around St. Joseph County. She says they've been flooded with emails from agents looking for homes.

"We have a shortage where there's buyers out there who just cannot find the home that they want."

She says it's not a specific type of home that's going fast, it's all price ranges. "It's something we haven't seen since probably '06, '07. If you're a seller, it's a great time."

Great news for someone like Diana, "We are very pleased."

New home sales across the country are actually at their highest level in more than four years, and pending home sales are higher than they've been since 2010.

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