July may have been cooler than usual
temperature-wise, but the Northwest Indiana market stayed hot with an
increase in sales and pricing, reports Jeanne Sommer, broker/owner of
CENTURY 21 Alliance Group in Valparaiso, IN.
The Valparaiso-based real estate agency has seen a significant increase in activity this year, with more showings and sales.
“Our office had the highest number of showings and monthly sales for July in the past six years,” Sommer said.
Lake and Porter County had increased home sales, decreased days on the
market and a higher average price in the past seven months when compared
to the same time period in 2012. In fact, Lake and Porter Counties saw a
continued increase in residential sales, up 26% for Lake and 24% for
Porter over last year.
number of single-family existing home sales was up from 2,424 in Lake
County in 2012 to 3,045 in 2013 and from 988 in Porter County to 1,228.
Meanwhile, the average sales price on single-family homes rose from
$133,588 to $135,267 in Lake County and from $182,158 to $187,042 in
In addition, the number of days a property was
listed on the market was down from 140 last year in Lake County to 121
this year, while Porter County saw a decrease from 147 to 133. All data
was provided by the Greater Northwest Indiana Association of Realtors
and calculated from January 1 to July 31 in 2013 and compared to January
1 to July 31 in 2012.
For more information on the latest local real estate data, contact CENTURY 21 Alliance Group at 219.462.2090.