Continued low interest rates and the ability for so many people to telecommute are fueling what was already a hot real estate market in Northwest Indiana, say Region experts.
The Greater Northwest Indiana Association of Realtors reported closed sales in its service area for 2021 totaled 12,110, up 3.8% when compared to 2020.
Sales of existing homes in Northwest Indiana fell for a fourth consecutive month.
Sales of existing homes in Northwest Indiana fell for the third straight month.
Sales of existing homes in Northwest Indiana have dropped for two consecutive months but overall year-to-date sales remain ahead of last year’s pace.
Sellers are getting above list price and more homes have been sold across the Region through the first six months of 2021 when compared to last year.
People in the market for a home in Northwest Indiana were willing to pay over list price for whatever they could find.
Spring sales of existing homes in Northwest Indiana are running ahead of last year’s pace.
Homes for sale in Northwest Indiana don’t remain on the market long, based on the latest real estate data for the Region.
Northwest Indiana real estate experts say the Region can expect to continue seeing an upward trend in home buying in the area for a variety of reasons, including rail improvements.