November 2019 vs 2018

Northwest Indiana Home Sales and Values

This month was a strong month on the Real Estate market. At least here in Northwest Indiana that is. Closed home sales in Northwest Indiana were up 2.41% in 2019 compared to 2018. Not only were home sales up but the home values were up an average of 7.28% per square foot compared to 2018. As well as homes are selling 6.83% faster with the average market time now being 71.88 days compared to 77.15.

The housing market is staying strong here in Northwest Indiana. There are a few reasons why I feel they are so strong and why I feel it will continue to stay strong. One of the reasons is the amount of people moving from Illinois. Another reason and personally the one I think is more important are the interest rates. Ever since the interest rates have fallen from over 5% to below 4% home sales have done nothing but increase. This is also a good reason why home values are continuing to grow at the rate they are. I’m surprised interest rates aren’t even lower. Especially with where the Treasury notes are at. We shall see what happens in the future.

Below are the states directly from the MLS for all Residential Real Estate sales in Northwest Indiana for November of 2019 as well as 2018. My goal is to keep you up to date with the current Real Estate market here in Northwest Indiana. Stay tuned for the December market report to come out in early January as well as a Year over Year report.

November 2019 Stats


Listing Statuses

Active Pending Sold Other Total
0 0 934 0 934

Aggregate Statistics

Minimum Average Median Maximum Tot. Val.
0 3 3 6
0 2.03 2 5.75
528 2008 1799.50 8838
0 0.92 0.24 134.95
$0 $215,407 $183,450 $1,399,900
$4.67 $107.60 $106.72 $507.19
$4,687.50 $83,263,245.78 $717,748.11 $11,325,600,000.00
$5,000 $210,192 $180,000 $1,250,000 $196,318,972
$4.96 $104.95 $105.06 $422.65
$3,524.43 $80,363,661.13 $709,944.57 $11,107,800,000.00
0 60.38 42 560
0 71.88 44 1167

DOM Statistics for Sold Listings

# of Listings % of Total SP % LP
339 36.30 99.45
268 28.69 97.60
129 13.81 96.48
81 8.67 96.73
117 12.53 95.38

CDOM Statistics for Sold Listings

# of Listings % of Total SP % LP
319 34.15 99.56
257 27.52 97.67
135 14.45 96.54
75 8.03 96.84
148 15.85 95.66

November 2018 Stats


Listing Statuses

Active Pending Sold Other Total
0 0 912 0 912

Aggregate Statistics

Minimum Average Median Maximum Tot. Val.
0 3 3 6
0 1.99 2 6
591 1952 1760 9448
0 0.92 0.23 36.66
$1 $198,806 $165,500 $1,400,000
$0.00 $100.64 $99.89 $346.55
$3.88 $62,440,650.24 $655,441.91 $10,711,404,000.00
$3,000 $193,133 $162,648 $1,300,000 $176,137,408
$2.50 $97.82 $97.82 $322.16
$4,905.66 $60,982,813.71 $641,434.88 $10,890,000,000.00
0 65.78 41 2413
0 77.15 44 2411

DOM Statistics for Sold Listings

# of Listings % of Total SP % LP
341 37.39 98.62
257 28.18 97.14
119 13.05 96.77
69 7.57 96.00
126 13.82 95.32

CDOM Statistics for Sold Listings

# of Listings % of Total SP % LP
320 35.09 98.76
243 26.64 97.15
115 12.61 96.63
78 8.55 96.17
156 17.11 95.61

About the author

Brent Wright

Brent Wright

Real Estate Professional - Realtor

Brent Wright is not your fly by night realtor. He is a realtor that cares for his clients and has the most respect for a real estate transaction. He always stays on top of new and up to date factors in the Real Estate market such as different loan styles, market prices, average times, price points and much more. Brent Wright is not your normal realtor. He is more like a Real Estate advisor. No matter what your real estate transaction is Brent Wright will be there to guide you through all options that are available to you.

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