Home Values, Real Estate, Week in Review

Your Crown Point Indiana Real Estate Trends January 7th

January 7, 2011 by · 1 Comment 

If you are looking to buy a home or sell your home in Crown Point Indiana, having a trusted real estate agent who can decipher and decode the underlying real estate trends can be your biggest asset. Here are some important Crown Point Indiana real estate trends to know now that 2011 is officially in full swing.

This Week in Your Crown Point Indiana Real Estate Trends

The median home list price in Crown Point Indiana increased up to $240,350 from the prior week. One of the reasons that drove the median list price higher was a decrease in homes for sale in Crown Point Indiana. Home inventory decreased to 496 single family homes for sale in the Crown Point Indiana real estate market in the past week.

Your Crown Point Indiana Real Estate Trends - January 7th by Cathy MattanAlthough the number of homes sold in Crown Point Indiana outnumbered the number of homes newly listed by a margin of 3 to 1, the average days on market increased to 233 days. 233 days on market roughly equals 8 months of home inventory which still favors home buyers in Crown Point Indiana.

Just remember that 233 days is the average days on market for all the homes for sale in the Crown Point Indiana real estate market. For example, the number of months of home inventory for the 25% most expensive homes for sale in Crown Point is almost 11 months. Meanwhile, the number of months home inventory for the 25% least expensive homes for sale in Crown Point is less than 6 months.

This is Your Crown Point Indiana Real Estate Trends – January 7th.

Are you ready to buy your home in Crown Point Indiana? You can do it confidently with me on your team!

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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

One Response to “Your Crown Point Indiana Real Estate Trends January 7th”
  1. Thanks for pointing out that the average days on market is just that an average for the entire market. It really is surprising that it almost takes twice as long to sell the most expensive homes in Crown Point Indiana compared to the least expensive homes. Good information.

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