Home Values, Real Estate, Week in Review

Your Crown Point Indiana Real Estate Trends – Dec 30th

December 30, 2010 by · 2 Comments 

Did you feel the earth move under your feet this morning? Just so you know, we’re not talking about the earthquake that hit Kokomo Indiana either. It was the rumbling of good news in housing and real estate coupled with good economic news.

Specifically, pending home sales in the month of November rose by 3.5 percent. Pending home sales are important to the housing and real estate industry because it provides a crystal ball to predict existing home sales in the coming months. 

If you are looking to buy a home or sell your home in Crown Point Indiana, here are some important Crown Point real estate trends to know as 2010 comes to an end.

This Week in Your Crown Point Indiana Real Estate Trends

The median home list price in Crown Point Indiana remains at $239,900. There are still 504 single family homes for sale in the Crown Point Indiana real estate market. The chart below illustrates how the home inventory has fallen since the beginning of fall. Furthermore, as the calendar year 2010 draws to a close the home inventory in Crown Point Indiana is about the same as where it began the year.

Your Crown Point Indiana Real Estate Trends - Dec 30th by Cathy Mattan

When it comes to the trend in single family home inventory in Crown Point Indiana real estate, the level of inventory runs in cycles just like the seasons. Although home inventory has been on a definite down trend of recent it should be noted that the average days on market for a home listed for sale has been increasing.

This is Your Crown Point Indiana Real Estate Trends – December 30th.

If you want to sell your home in Crown Point Indiana, let me help you plan accordingly. Happy New Year!

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Cathy Mattan

Cathy Mattan is a licensed Realtor with Rossi & Taylory Realty Group. Although her real estate knowledge is vast and all encompassing of Northwest Indiana, her niche market is Crown Point, IN. You can feel confident working with Cathy as she has intimate knowledge of the local neighborhoods and real estate trends in Crown Point, IN. She also has a great team of local professionals to help you with every aspect of the real estate transaction. Cathy's commitment is to provide you the highest quality of real estate service and communication you deserve. Learn more about Cathy and visit www.MyCrownPointHomes.com.

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Comments

2 Responses to “Your Crown Point Indiana Real Estate Trends – Dec 30th”
  1. I did hear the good news in Pending Home Sales and it should be a clear sign to homeowners in Crown Point Indiana that it is still a great time to want to list and sell their home. Those looking to buy in Crown Point Indiana should also take note that there are less options, which means more competition with other buyers. It’s definitely the time of year to go…go…go.

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