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Cost
of Doing Business
Real Estate Market
The real estate market in Warrick County demonstrates strong, steady growth. Building permits have consistently risen in the past few years; 591 were filed in 2004 alone. (STATS Indiana)
The population growth within the county is expected to be great enough to absorb another 2,000 housing units within the next five years. This is evidenced by the increased development of commercial, single family, and apartment dwellings, especially in the southwestern portion of the county.
The following demonstrates the supply and demand for houses in Warrick County based on MLS Sales and Askings Data: June 13, 2005:
| $0-$49
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Sold in past year
|
87
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For sale today
|
26
|
Months Supply
|
3.6
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$50-$99
|
Sold in past year
|
811
|
For sale today
|
351
|
Months Supply
|
6.1
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$100-$199
|
Sold in past year
|
417
|
For sale today
|
175
|
Months Supply
|
5.0
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$200-$299
|
Sold in past year
|
142
|
For sale today
|
72
|
Months Supply
|
6.1
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$300-$499
|
Sold in past year
|
101
|
For sale today
|
66
|
Months Supply
|
7.8
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$500 & up
|
Sold in past year
|
11
|
For Sale today
|
16
|
Months Supply
|
17.5
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All Homes
|
Sold in past year
|
928
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For sale today
|
442
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Months Supply
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5.7
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| Source: David Matthews Associates: Matthews Real Market Update, Summer 2005 |
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