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You are here: Home / Community / Business News Bits / Sales of existing homes remain strong in Northwest Indiana

Sales of existing homes remain strong in Northwest Indiana

March 31, 2021 – By Larry Avila

Northwest Indiana residents on the fence about selling their homes may want to get them on the market this spring.

Pending home sales
Sales of existing homes continue strong showing in Northwest Indiana. (Stock photo)

The Greater Northwest Indiana Association of Realtors, citing Indiana Association of Realtors data, reported Region sellers received 96.9% of list price in February, up 2.4% from 94.6% when compared to February 2020.

Supply of homes for sale in Jasper, Lake, La Porte, Newton, Porter, Pulaski, and Starke counties, in February was estimated at 592, down 73.5% from 2,233 when compared to the same month last year.

The median sale price of homes in February was $185,000, up 8.8% from $170,000 in February 2020. The average sales price in February was $219,819, up 19.1% from $184,585 a year earlier.

Closed sales in February totaled 643, up 3.4% from February 2020 when 622 closed sales were logged.

January home sales also started strong. There were 711 closed sales reported in January, GNIAR reported, up 20.1% from 592 recorded in January 2020.

Sales of existing homes in Northwest Indiana ended 2020 on a positive note. A total of 11,672 closed sales recorded between January and December, a 10% increase from 10,608 when compared to the same period a year earlier.

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Larry Avila
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Larry Avila
Larry is an award-winning journalist with more than 25 years of experience working with daily newspapers and business-to-business publications around the Midwest. Avila is a Michigan native and a graduate of Central Michigan University.
Larry Avila
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Filed Under: Business News Bits, Economy, Real Estate & Building Tagged With: 2020 year end home sales, Around the Region, February 2021 home sales, GINAR, Greater Northwest Indiana Association of Realtors, Indiana Association of Realtors, January 2021 home sales

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