People in the market for a home in Northwest Indiana were willing to pay over list price for whatever they could find.
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 residents on the fence about selling their homes may want to get them on the market this spring.
The pandemic appears to have had little impact on sales of existing homes across Northwest Indiana in recent months.
Sales of existing homes across Northwest Indiana showed strong performance in September.
With people sheltered in place during the pandemic in recent weeks, Realtors expected the crisis to lead to a drop in sales of existing homes during April. Numbers showed an 11.9% drop compared to April 2019.
Sales of existing homes in Northwest Indiana in March appeared unaffected by the crisis created by the COVID-19 pandemic.
Sales of existing homes across Northwest Indiana during the first two months of 2020 reflected the market likely would remain strong heading into the spring and summer months, traditionally the busiest selling time for the industry.
Realtor.com, the official website of the National Association of Realtors, in its annual forecast said the U.S. housing market will continue to slow in 2020 because buyers have fewer options and a cooling economy could sway others to rein in spending.
Sales of existing homes in Northwest Indiana between January and September are showing improvement when compared to the same period last year.