Sept. 14, 2015

Northwest Indiana Real Estate Market Update

Buying a Northwest Indiana home? Get a full home search here 

Selling your Northwest Indiana home? Get a Home Price Evaluation

 

Today, I want to offer a brief market comparison of 2015 and 2014.

Through today, Northwest Indiana has seen 6,392 home sales. Last year, there were 5,926 home sales in the same timeframe. Average sales price for 2015 thus far is $163,811, and in 2014 it was $154,893. So we're on the upswing there as well.

 

 

Another statistic that I find interesting is closed days on market. We track the number of days from listing to closing. In 2015, the average is 118 days. In 2014, the average was 130 days. So sales prices are up 5.7%, and days on market is down 9.2%.

Don't wait until next spring to sell your home. The advantage of selling your home in the fall is that there are fewer homes on the market, which means less competition. If now is the right time for you, don't hesitate!

If you have any questions, give me a call or send me an email. I look forward to hearing from you!

 

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