Northwest Indiana continues to operate outside of national housing trends as a tight supply keeps home prices strong and sales numbers steady. Sales have dropped from this peak in 2022, but that wa…
A “sold” is posted outside a single family home in a residential neighborhood, in Glenside, Pa. in this Aug. 4, 2021 file photo. Prices remain high in Northwest Indiana as the home supply is tight and it remains a desirable home market, according to the Northwest Indiana Realtors Association.Northwest Indiana continues to operate outside of national housing trends as a tight supply keeps home prices strong and sales numbers steady.
“Prices really never dropped despite a decrease in sales,” Novak said. Home prices are consistently above last year’s home prices. There were an average of 1,668 homes on the market in February of this year in the counties surveyed by NIAR, which includes Lake, Porter, LaPorte, Newton, Jasper, Pulaski and Starke counties. The figure represents a decrease of 6% in inventory over January but still a 19% increase in inventory over the same month last year.
There were 118 sales closed in February in Porter County in February, a 30% increase over January but a 5% decrease over February 2023.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Things to do March 29-April 4 in Chicago suburbs, Northwest IndianaHere are some events happening from March 29-April 4 in the Chicago suburbs and Northwest Indiana.
Read more »
Things to do March 22-28 in the Chicago suburbs, Northwest IndianaHere are some events happening from March 22 to 28 in the Chicago suburbs and Northwest Indiana.
Read more »
At least 1 airlifted to hospital after multi-vehicle Northwest Indiana crashMulti-vehicle crash In Lowell, Indiana
Read more »
Northwest Indiana sheriff says 3 men dead after being shotA sheriff says a shooting at a home in Northwest Indiana has left three men dead. Lake County Sheriff Oscar Martinez Jr. says police sent Friday afternoon to a home in Griffith found two men dead and a third in critical condition, all having suffered gunshot wounds. He says the third man was taken to a hospital, where he died.
Read more »
2 dead, 1 hurt after shooting in Northwest Indiana home2 dead, 1 hurt after shooting in Northwest Indiana home
Read more »
Michael Osipoff’s baseball rankings and player of the week for Northwest IndianaKaden Matthews and Valparaiso move up in the rankings after sweeping Lake Central.
Read more »