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NWI Home Sales and Values March 2019 vs 2018

Home Sales in March of 2019 were rather strong in Northwest Indiana. The number of Residential properties sold in the MLS was down -8.76% in March of 2019 compared to 2018. I know this is a decline but that isn’t always a bad thing. There are a few factors to play into that role. A normal transaction takes about 30 to 45 Days which would bring us to accepted offers anywhere on average from Mid-January to Mid to the end of February. At that time the interest rates were close to 5% for a conventional loan with great credit. Since then the interest rates have come down about a half of a percent.

A good number was the average sales price per square foot was up an average of 5.39% in March 2019 compared to March of 2018. This is definitely a great number for Home sellers or even current home owners. Another number that sticks out is that homes took 6.31% longer to sell compared to the prior year.

Recently, the FED has changed their talks from Rate hikes to possible rate cuts in 2019. This is something you want to keep in mind. Maybe selling your home and upgrading isn’t such a bad idea now with interest rates going down. Either way, I’m here to help you and guide you into making the right decision in all your Real Estate needs.

 

All of these numbers are directly from the Gniar MLS board for all Residential properties.

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About Brent Wright

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Brent Wright

Real Estate Professional - Realtor

BrentWright@McColly.com

219-706-2998219-706-2998 main

Brent W. Wright - McColly Real Estate

Serving Northwest Indiana! Beverly Shores IN, Burns Harbor IN, Cedar Lake IN, Chesterton IN, Crown Point IN, DeMotte IN, Dune Acres IN, Dyer IN, East Chicago IN, Gary IN, Griffith IN, Hammond IN, Hebron IN, Highland IN, Hobart IN, Kouts IN, Lake Station IN, Long Beach IN, Lowell IN, Merrillville IN, Munster IN, Ogden Dunes IN, Portage IN, Porter IN, Schererville IN, Saint John IN, Valparaiso IN, Wanatah IN, Westville IN, Whiting IN, Winfield IN

Reviews

5user8784985

Brent has stuck by my side through the whole process. If I want to see a house, immediately he sets up a time and we are looking at the house. You can always get ahold of him. He is very knowledgeable too!

5TeresaTaytumm

Brent is an amazing person, He helps in any way he can to his fullest! He isn't just doing his job, he goes above and beyond. With any question given, he has an answer every time and even if he did not know the answer, he would do whatever research needed so... (more)

5chris reed28

Brent is very hardworking. Best realestate agent to have. He showed me tons of homes in my price range and offered his expert opinion and background of the neighborhoods we were in.

Review Brent Wright on Zillow.com

Lender

Chuck Dayton

5

( 28 reviews )

(219) 763 3376 x4207

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