Wintery conditions aside! It is still a great time to buy a home in Northwest Indiana!

For instance, did you know that since 2000, the median selling price of a home in Northwest Indiana has increased more than 20 percent? This little known fact is promoted on the Greater Northwest Indiana Realtor Association website. Also that here in Lake County, the population is 493,000 which has grown by 3.8% since 1990!

Also, for November 2009, compared with November 2008 total sales volume of residential real estate in Lake County IN, was up 45.82% and for Porter County it was up 42.48%!

What does this show you may ask? Well, it shows that the area is on the grown and that buyers are snapping up properties to take advantage of the market conditions – particularly with the first time hombuyer tax credit.

That aside, despite the 9 month run on pending home sales increasing, the National Association of Realtors latest data shows that pending home sales have declined but are still way above a year before! Here un the Midwest the index fell 25.7 percent to 82.0 but is 9.2 percent higher than November 2008. This however, is partly expected due to the initial pent up demand being tapped into thanks to programs like the tax credit. This means that we will likely see steadier growth over the next few months as the recovery continues – NAR notes that the rock bottom interest rates as they are right now cannot continue!

So if you are thinking of buying a home this January, now is the time to do it – don’t wait until later in the year when the tax credits end, rates will likely be higher and, likely so will prices!

Thinking of relocating to the Northwest Indiana area? You can use our moving truck for FREE!

As one of the top producing teams of experts in our field both locally and Nationally, our full service team strives hard to make sure your real estate transaction is a truly rewarding experience.

Finding your dream home or finding a buyer is only part of the challenge of a successful transaction. Click here to search Northwest Indiana Real Estate using our complimentary Northwest Indiana Real Estate MLS Search service. Alternatively please contact Jana Caudill and the team if you need more specific assistance in your Northwest Indiana Real Estate needs. You can call the office on: 219-661-1256 or email us on: jana@janacaudillteam.com

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