Month's supply of inventory in single family housing went up nearly across the board versus July figures as fall approached the region in Northwest Indiana.  Only the $300K-$400K and $750K-$1M categories saw a slight decrease in inventories in Valparaiso, while Porter County's numbers only improved in the $750-$1M range.   

In Porter County, home sales in August one month solds dropped from 99 to 94, while home sales in Valparaiso actually increased from 51 to 56 single family units.  The difference in Valpo was that single family home supply vs. July figures went up from 615 homes to 709 homes.  Total inventory also climbed in Porter County 

With interest rates at historic lows, buyers are still exercising some caution while looking for great deals when purchasing a home.  Market sentiment is that some sellers may now be putting their homes on the market after waiting an extended period for the market to "recover".  September 2010 home sales and inventory numbers in the GNIAR MLS region will be available soon.  Month's supply of inventory is a measure many real estate professionals and industry analysts use as a measure of real estate market health.  A balanced market is considered to be around a 6-month supply of inventory.

Valparaiso              
MSI Report 2010 August Inventory as of 24-Sep-10    
Single Family              
      1-Month TOTAL  12-Month Absorb Rate  
Price ACTIVE PENDING SOLD SUPPLY Solds per month MSI
0-99,999 43 12 4 55 111 9.3 5.9
100,000-149,999 122 12 8 134 171 14.3 9.4
150,000-199,999 103 8 13 111 186 15.5 7.2
200,000-249,999 133 7 9 140 135 11.3 12.4
250,000-299,999 102 3 6 105 89 7.4 14.2
300,000-399,999 93 4 12 97 79 6.6 14.7
400,000-499,999 44 1 2 45 21 1.8 25.7
500,000-749,999 30 2 1 32 11 0.9 34.9
750,000-999,999 25 0 1 25 3 0.3 100.0
1,000,000+ 14 0 0 14 0 0.0 #DIV/0!
ACROSS ALL PRICES 709 49 56 758 806 67.2 11.3
               
               
               
Porter County              
MSI Report 2010 August Inventory as of 24-Sep-10    
Single Family              
      1-Month TOTAL  12-Month Absorb Rate  
Price ACTIVE PENDING SOLD SUPPLY Solds per month MSI
0-99,999 130 24 14 154 243 20.3 7.6
100,000-149,900 305 35 16 340 400 33.3 10.2
150,000-199,999 290 23 19 313 366 30.5 10.3
200,000-249,999 234 17 15 251 211 17.6 14.3
250,000-299,999 172 7 9 179 131 10.9 16.4
300,000-399,999 152 5 14 157 107 8.9 17.6
400,000-499,999 76 2 2 78 29 2.4 32.3
500,000-749,999 58 3 2 61 14 1.2 52.3
750,000-999,999 38 0 3 38 5 0.4 91.2
1,000,000+ 31 0 0 31 2 0.2 186
ACROSS ALL PRICES 1486 116 94 1602 1508 125.7 12.7

Matt Evans

Broker Associate, REALTOR

RE/MAX Affiliates Valparaiso, Indiana

 

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Matt Evans

Valparaiso, IN

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RE/MAX Affiliates

Address: 2803 Boilermaker Court Ste 1A, Valparaiso, IN, 46383

Cell Phone: (219) 241-8401

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Real estate market reports, news, and more for, Northwest Indiana Homes, valparaiso homes, chesterton homes, portage homes, living in indiana, living in valpo, home buying valparaiso, home selling valparaiso, porter county homes, indiana real estate


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