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Northwest Indiana Real Estate Market Update, March 2020

Staying up-to-date on the local market is something we do to best understand it and help each of our clients. 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.

We will be doing monthly updates on the real estate market in Northwest Indiana here on our site. Many clients appreciate being able to see those numbers for themselves. We will have a report available here 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, March 2020

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

A RESEARCH TOOL PROVIDED BY THE INDIANA ASSOCIATION OF REALTORS® 

Key Metrics 2019 2020 Percent Change Thru 3-2019 Thru 3-2020 

New Listings: March 2019 = 242 March 2020 = 276 Percent Change = + 14.0% YTD: 614, 699, + 13.8%.

Closed Sales: March 2019 = 157 March 2020 = 180 Percent Change = + 14.6% YTD: 408, 439, + 7.6%

Median Sales Price: March 2019 = $222,000 March 2020 = $230,000 Percent Change = + 3.6% YTD: $213,400, $218,000, + 2.2%

Percent of Original List Price Received* March 2019 = 95.6% March 2020 = 96.4% Percent Change = + 0.8%             YTD: 95.2%, 95.8%, + 0.6%

Months Supply of Inventory March 2019 = 3.0 March 2020 = 2.4 Percent Change = – 20.0%

Inventory of Homes for Sale March 2019 = 608 March 2020 = 478 Percent Change = – 21.4% 
* Does not account for list price from any previous listing contracts. | Activity for one month can sometimes look extreme due to small sample size.

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

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

 A RESEARCH TOOL PROVIDED BY THE INDIANA ASSOCIATION OF REALTORS® 

Key Metrics 2019 2020 Percent Change Thru 3-2019 Thru 3-2020 Percent Change

New Listings: March 2019 = 126 March 2020 = 108 Percent Change = – 14.3% YTD: 314,291, – 7.3% 

Closed Sales: March 2019 = 73 March 2020 = 81 Percent Change = + 11.0% YTD: 195, 230, + 17.9% 

Median Sales Price: March 2019 = $145,000 March 2020 = $129,900 Percent Change = – 10.4% YTD: $121,500, $129,500, + 6.6%. 

Percent of Original List Price Received: March 2019 = 92.9% March 2020 = 91.8% Percent Change = – 1.2% YTD: 92.2%, 92.4%, + 0.2%.

Months Supply of Inventory: March 2019 = 3.7 March 2020 = 2.7 Percent Change = – 27.0% 

Inventory of Homes for Sale: March 2019 = 394 March 2020 = 300 Percent Change = – 23.9% 

* Does not account for list price from any previous listing contracts. | Activity for one month can sometimes look extreme due to small sample size.

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

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

A RESEARCH TOOL PROVIDED BY THE INDIANA ASSOCIATION OF REALTORS®

Key Metrics 2019-2020 Percent Change Thru 3-2019 Thru 3-2020 Percent Change 

New Listings: March 2019 = 652 March 2020 = 666 Percent Change = + 2.1% YTD: 1,651 1,829 + 10.8% 

Closed Sales: March 2019 = 446 March 2020 = 510 Percent Change = + 14.3% YTD: 1,085 1,213 + 11.8% 

Median Sales Price: March 2019 = $167,000 March 2020 = $174,900 Percent Change = + 4.7%  YTD: $160,000 $168,970 + 5.6% 

Percent of Original List Price Received: March 2019 = 95.7% March 2020 = 95.7% Percent Change = 0.0% YTD: 95.0% 95.2% + 0.2% 

Months Supply of Inventory: March 2019 = 3.0 March 2020 = 2.3 Percent Change = – 23.3% 

Inventory of Homes for Sale: March 2019 = 1,527 March 2020 = 1,167 Percent Change = – 23.6%

 

 

If you have any questions, please give us a call or send us an email. Or just use the chatbox to the bottom right to reach us! We’re here to help anyone looking for real estate help in Northwest Indiana. 

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