Northwest Indiana home sales continue strong showing in March • Northwest Indiana Business Magazine
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Northwest Indiana home sales continue strong showing in March

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The Greater Northwest Indiana Association of Realtors reported 828 closed sales in March, up from 733 closed sales reported in March 2019.

Sales of existing homes in Northwest Indiana in March appeared unaffected by the crisis created by the COVID-19 pandemic.

The latest information from the Greater Northwest Indiana Association of Realtors, citing data from the Indiana Association of Realtors, reported closed sales totaled 828 in March, up 13% when compared to 733 closed sales in March 2019. Sales in February totaled 622, a 7.1% increase when compared to February 2019.

Year-to-date home sales are running ahead of last year’s pace. Through March, there were 2,042 closed sales in the Region, up 10.5% from 1,848 between January and March 2019.

The median sales price of homes sold was $178,500, up 2% from $174,999 a year ago. Sellers received 95.4% of their list price, which was a 0.3% improvement from 95.1% the same month last year.

Realtors recognize the impact of the crisis on home sales still is uncertain as data runs a month behind. Rising sales prices likely lured more sellers into the market as new listings rose 2% in March when compared to a year ago.

The average sales price in March was $201,155 up 5.8% from $190,148 in March 2019.

GNIAR’s service area includes Jasper, Lake, LaPorte, Newton, Porter, Pulaski and Starke counties.

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