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 strengthened for many prospective home sellers that are considering selling in 2010.  With the tax credit being extended thru early 2010, we are recommending sellers in Northwest Indiana ready their home for market during the winter to take advantage of the lower supply of homes in certain price ranges.

For a complete CMA from a real estate professional, please contact Matt Evans at 219-241-8401 or matt@themattevansteam.com.