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Northwest Indiana Real Estate Market Update, February 2020

One way we work hard for our clients is staying up-to-date on the local market. We study the trends and are able to accurately determine the best price for selling and buying depending not only on the property itself but the local market and what is working. This is very important when listing or purchasing a house and is one reason that you want to have a professional real estate agent on your side.

 

That being said, we have found that sometimes clients appreciate us making those numbers and stats available to them as well. We will be doing monthly updates on the real estate market in Northwest Indiana here on our site. We will have a report available for these three counties:

  • Porter County, Indiana
  • Lake County, Indiana
  • La Porte County, Indiana

We hope you find this information helpful!

Be sure to give us a call if you’re looking to buy or sell your home in Northwest Indiana. We are here to help you!

 

Click Here To See Report: Porter County, Indiana Real Estate Market Update February 2020

Local Real Estate Market Update for February 2020 Porter County, Indiana.

A RESEARCH TOOL PROVIDED BY THE INDIANA ASSOCIATION OF REALTORS®
Percent Change Thru 2-2019 Thru 2-2020
New Listings: Feb 2019 = 180 Feb 2020 = 192 Percent Change = + 6.7% – YTD: 372, 423, + 13.7%
Closed Sales: Feb 2019 =  139  Feb 2020 = 135 Percent Change = – 2.9% YTD: 251, 259, + 3.2%
Median Sales Price  Feb 2019 = $213,000 Feb 2020 = $205,000 Percent Change = – 3.8% YTD: $208,600, $211,000, + 1.2%
Percent of Original List Price Received* Feb 2019 = 95.4% Feb 2020 = 95.6% Percent change = + 0.2% YTD: 94.9% 95.5% + 0.6%
Months Supply of Inventory Feb 2019 = 2.9 Feb 2020 = 2.3 Percent change = – 20.7%
Inventory of Homes for Sale Feb 2019 = 609 Feb 2020 = 459 Percent change = – 24.6%
* Does not account for list price from any previous listing contracts. | Activity for one month can sometimes look extreme due to small sample size.
February: A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Click Here To See Report: LaPorte County, Indiana Real Estate Market Update February 2020

Local Real Estate Market Update for February 2020 La Porte County, Indiana.

A RESEARCH TOOL PROVIDED BY THE INDIANA ASSOCIATION OF REALTORS®
Key Metrics Feb 2019-2020 Percent Change Thru 2-2019 Thru 2-2020
New Listings: Feb 2019 = 93 Feb 2020 = 94 Percent Change = + 1.1%. YTD: 188, 183, – 2.7%
Closed Sales: Feb 2019 = 58 Feb 2020 = 79 Percent Change = + 36.2% YTD: 122, 149, + 22.1%
Median Sales Price: Feb 2019 = $135,000 Feb 2020 = $137,000 Percent Change = + 1.5% YTD: $117,750, $128,500, + 9.1%
Percent of Original List Price Received* Feb 2019 = 93.1% Feb 2020 = 94.2% Percent Change = + 1.2% YTD: 91.8%, 92.8%, + 1.1%
Months Supply of Inventory Feb 2019 = 3.6  Feb 2020 = 2.8, Percent Change = – 22.2%
Inventory of Homes for Sale Feb 2019 = 389 Feb 2020 = 303 Percent Change = – 22.1%
* Does not account for list price from any previous listing contracts. | Activity for one month can sometimes look extreme due to small sample size.
February A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Click Here To See Report: Lake County, Indiana Real Estate Market Update February 2020

Local Real Estate Market Update for February 2020 Lake County, Indiana

A RESEARCH TOOL PROVIDED BY THE INDIANA ASSOCIATION OF REALTORS®
Key Metrics Feb 2019-2020, Percent Change Thru 2-2019 Thru 2-2020
New Listings: Feb 2019 = 485  Feb 2020 = 601 Percent Change = + 23.9% YTD: 999, 1,163, + 16.4%
Closed Sales: Feb 2019 = 319 Feb 2020 = 350 Percent Change = + 9.7% YTD: 639, 703, + 10.0%
Median Sales Price: Feb 2019 = $160,000, Feb 2020 = $166,250 Percent Change = + 3.9%  YTD: $157,000, $165,000, + 5.1%
Percent of Original List Price Received*: Feb 2019 = 94.7% Feb 2020 = 94.8% Percent Change = + 0.1%  YTD: 94.5%, 94.9%, + 0.4%
Months Supply of Inventory: Feb 2019 = 3.1, Feb 2020 = 2.5, Percent Change = – 19.4%
Inventory of Homes for Sale: Feb 2019 = 1,599 Feb 2020 = 1,248 Percent Change = – 22.0%
* Does not account for list price from any previous listing contracts. | Activity for one month can sometimes look extreme due to small sample size.
February A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

 

 

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