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home sales: Porter County Indiana Home Sales Strong in November 2009 - 12/23/09 09:00 PM
According to MLS sales data, Porter County, Indiana home sales were very strong in November 2009. Thanks to the tax credit for first time homebuyers, historically low interest rates, and good deals in the housing market, home sales increased from 108 units to 154 units for November 2009 from the November 2008 figures. Lake County Indiana also had a good increase, putting the market back at pre-crisis levels.
Supply has steadily decreased over the last year.  While still not balanced in all price ranges(6 months supply of inventory is balanced), the lessening inventory is a good indicator that the market has … (0 comments)

home sales: Northwest Indiana Home Sales up nearly 12% in October: Porter County Even Stronger - 11/25/09 07:57 AM
According to the Greater Northwest Indiana Association of REALTORS and based on supporting MLS data, sales of existing single family homes in the region increased nearly 12 percent in October 2009 over the same period last year. 
Home values also showed signs of a rebound as the median house price rose over 4%.  Many credit the recent homebuyer tax credit and its pending expiration with adding enough buyers to the marketplace.  Since Spring of 2009, many REALTORs have assisted first time buyers and those re-entering the market after 3 years to "cash-in" on the $8,000 credit in Northwest Indiana, which includes Porter, … (0 comments)

home sales: Northwest Indiana Year-to-Date Home Sale Trends - 11/22/09 11:21 AM
The year-to-date home sales data in Northwest Indiana reflect some stability in the market.   
According to the reports generated from the GNIAR MLS and Rappatoni system thru October 12, 2009, Porter County and Valparaiso home sales are both holding firm at the median house price levels. While Valparaiso's median house price dropped slightly from $187,000 to $183,700 from 2008 to 2009, Porter County's median price was statistically unchanged at $168,000. 
Sellers still need to show patience with the selling process and price right from the start, as Days on the Market are going up in all price ranges.  The number of single family detached home … (0 comments)