Northwest Indiana Real Estate Market Indicates Strong Platform in 2014
Both Porter and Lake County are experiencing the lowest amount of inventories that we have had in over 10 years which means this is a great time to sell your home. Depending on the price range, there are some areas where there is a lack of homes for sale and buyers are just waiting until something comes on the market.
In reviewing the current data for January 2014, Nick Sommer, with CENTURY 21 Alliance Group commented that although positive, the Market Data for January 2014 was still too raw to make any assumptions as to where the market is actually heading.
Rick Davidson, President and CEO of CENTURY 21 Real Estate, LLC, states, “Prices, inventory, and consumer confidence are all on the rise,” indicating growth is evident. Overall, we believe that 2014 is going to be a good year to buy or sell residential or commercial real estate.