Homes Sold – Dec 2007 – Kokomo & Howard County

Homes Sold in Howard County – Year to Date Comparison

With 2007 over and done with, let’s take a look at home sales in Kokomo and all of Howard County. Overall, the total number of homes sold in 2007 was up 6% from 2006 (1170 vs. 1102).

Most notable however is the sharp rise in the number of foreclosure homes that sold in 2007. If we compare the number of foreclosures that sold in 2006 (274) to the that number sold in 2007 (403), there was a 47% increase in the number of foreclosures that sold in 2007!

Another interesting note is that in 2006, 25% of all homes that sold were foreclosure homes. In 2007, foreclosure homes were 34% of all homes sold.

Click the chart below for a larger view:

If you are into statistics and study the numbers, you will see that final asking prices* and selling prices are down 8-9% from 2006. (*Note: The final asking price may or may not have been the original asking price for the home. There may have been price reductions along the way.)

Comparing Home Sales – December 2007 to December 2006 (by schools)

The chart above gave you a general snapshot of sales for 2007 as a whole compared to 2006 in all of Howard County. The chart below also shows statistics based on school corporations. It shows the number of current listings, the average asking price and the days on the market. It also compares the number of sales in December 2007 versus December 2006.

Click the chart below for a larger view:

As you can tell from the chart, there have been fewer sales and the average prices of homes that sold in all of Howard County are down from a year ago – with the exception of Taylor Schools.

Well, once again, that’s it! If you have any questions or if you would like more specific information about a particular neighborhood or a specific house, don’t hesitate to leave a comment below, call me at 765-513-0354 or send me an email.