Area Housing Market a Boon for Sellers

FORT WAYNE, Ind. (WOWO): Home buyers in the Fort Wayne area are apparently frustrated by a housing market that's favoring sellers at the moment. 

Our partners in news at 21Alive say home sales in local counties like Allen, Huntington, Adams and Wells are up 5% from this time last year, but home prices are also up 8% and the number of available homes is down more than 21%. The Upstate Alliance of Realtors credits a number of factors from low interest rates to a big difference between supply and demand. Fort Wayne is currently listed as one of the top 20 “hottest” real estate markets in the country by Realtor.com.