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July 13, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Bloomington, Indiana

Reported by Jeanne Walters, REALTOR, CRS, GRI, SRES

Updated January 15, 2009.

Current Market Rating: 2




1
2
3
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5
Buyer's

Seller's

Current Price Trend: 3




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2
3
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5
Falling

Rising

It is a great time to be a buyer due to low interest rates and truly motivated sellers. Sellers are taking pains to prepare their homes for market, knowing that competition is keen. Thirty year fixed mortgages are literally under 5% and lenders are eager to lend money. It's not that bad a time to be a seller either. Our market has limited inventory, so when buyers find a fairly priced property in good condition and that they like, many are ready to buy now and make the most of the opportunity.

ZIP Code: 47401-47408

Approximate Location Boundaries: all of Monroe County and into the contiguous 4 counties

Location Characteristics: Bloomington is described by many as "the best of both worlds" referring to its small town atmosphere and traffic, and the wealth of cultural/entertainment opportunities. One hour south of Indianapolis International Airport, our area is one of the most scenic, with State and National Forests and Lake Monroe, the largest lake in Indiana. People in the Bloomington area are inquisitive and creative, welcoming to new people, and always ready to have fun!

For More Information:

View Market Conditions of other areas served by Jeanne Walters

Navigate: Top > Indiana > Bloomington

About Jeanne Walters:
Helping clients to achieve their real estate goals gives me great satisfaction. I can't imagine another occupation for me where I would get to know so many different people and to help them with such an important event in their lives!


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 5.32%
15 Year Fixed: 4.69%
1 Year Adj: 4.82%
(U.S. Weekly Averages)

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