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 |
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