New Market Data Shows Home Sales Up, Inventory Down in Northwest Indiana

The latest real estate market data from the Greater Northwest Indiana Association of Realtors adds up to good news for the housing market in Northwest Indiana, according to Jeanne Sommer, broker/owner of CENTURY 21 Alliance Group in Valparaiso, IN.

“After reviewing residential sales for the first half of 2012, we are happy to say that prices are up compared to 2011, current inventory is lower than it has been in a long time and average sales are up by 10% in Lake County and 13% in Porter County,” Sommer said.

Lower inventory means fewer homes on the market, which leads to less competition and faster sales. “Average time on the market is now less than five months, but some homes are selling in as little as two months, depending on price and location,” Sommer said.

Thinking of selling your home or refinancing your mortgage? “Because interest rates are low and prices are coming up, now might be the perfect time to put your home on the market or refinance,” Sommer recommended.


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Alliance Group is a full-service brokerage firm specializing in residential and commercial listings. As Northwest Indiana's premier real estate agency, CENTURY 21 Alliance Group has earned CENTURY 21’s Quality Service Award seven years in a row. The real estate company is located at 450 Lincolnway, Suite 200 in Valparaiso, IN and has listings in Porter, Lake and LaPorte counties. For more information, call (219) 462-2090 or visit www.21alliance.com.

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