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Valparaiso, Indiana Home Market Nearly "Balanced" Under $200,000 - 07/06/10 07:06 PM
The market for homes in the Northwest Indiana town of Valparaiso is showing signs of balance at some prices. Based on the single family stats thru June 2010 on the GNIAR MLS, and based on inventory as of July 6, the months supply of inventory under $100,000 is just 4.4 months, and from $100,000 to $200,000 the range in months supply falls between 7.0 and 7.6 months. A truly balanced market, where supply and demand is most equal is 6 months supply of inventory. For the year long period ending June 30, 2010, single family house sales in Valpo were at 844 units
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