Home Values, Real Estate, Week in Review

Portage Indiana Real Estate Recap March 31, 2011

March 31, 2011 by · 2 Comments 

Portage Indiana Real Estate Recap March 31, 2011 by Jim SimsThe number of days a home listed for sale on the real estate market can be an indication of several different factors. One of these factors is whether the price of the home is priced accordingly to other comparable homes in the market.

In Portage Indiana, the real estate market has shown another slight increase to 237 days on market but also shows that the homes for sale have reflected this in their price. This week, Portage Indiana real estate shows that 37% of the homes listed for sale have decreased their price.

Another factor to take into consideration is whether the seller of the listed home for sale in Portage Indiana is looking to sell for the best price or the best time frame.

While this will be different from home to home, the reasoning behind selling in an overall market can impact the number of days a property is on the market and what price the home for sale will sell for.

For those looking to buy real estate, you will find some deals in the Portage Indiana area so don’t wait long to start your search.

At this week’s median price of $145,900 you can expect:

  • 3 Bedrooms
  • 2 Bathrooms
  • .25 – .50 acres
  • 1,776 square footage

Portage Indiana Real Estate Week At A Glance:

  • 8 New Listings
  • 9 Sold Listings 
  • 232 Homes Listed
  • 237 Average Days on Market

This is the Portage Indiana Real Estate Recap March 31, 2011.

Do you or someone you know want to buy a home and/or sell a home in Portage Indiana?

Call or text 219-649-1296 or email me (jim@jimsimshomes.com) to help you get started!

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Jim Sims

Jim Sims is a licensed Realtor with McColly Real Estate. With a Bachelor Degree in Marketing and Management Information Systems from Purdue University Calumet, he loves to leverage the best of today's technology to achieve his clients real estate goals. While Jim facilitates real estate needs throughout Northwest Indiana, he specializes in the Northern Porter County communities of Burns Harbor, Chesterton, Portage and Porter Indiana. Learn more about Jim and visit www.JimSimsHomes.com.

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Comments

2 Responses to “Portage Indiana Real Estate Recap March 31, 2011”
  1. With the median days on market rising in the Portage Indiana real estate market, sounds like sellers need to be aggressive on the pricing strategy and marketing initiatives.

  2. Jim Sims says:

    Pricing for the home to be viewed by potential buyers is key. This is where utilizing the services of a local Realtor in the Portage Indiana real estate market can really benefit the seller. In addition, the Realtor will also be marketing the property as well so the seller has a lot less worries added to their plate.

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