Taking a look at some Lake County Real Estate Numbers, we see that from Jan. 1 to July 28, 2009, there have been 4,309 properties on the market, the average days on the market is 139 days, average list price is $174,000 per property. Sold properties for Lake County Real estate is 2,171 homes sold and an average of 97 days on the market, with an average sales price of $115,321.
On another front today the Department of Housing is reporting that new home sales rose 11% in the month of June, which is a good sign for the housing market.
Check out my blog tomorrow, where I will be looking at the Porter County Real Estate Market. Also, if you have any question on the market or have some real estate needs, please email me at dwhitehead@kw.com or visit my website nwihomesearch.com
Tuesday, July 28, 2009
Monday, July 27, 2009
What is happening in the Real Estate Market
How is the Real Estate Market??
According the National Association of Realtors(NAR), exsisting home sales rose for the third consecutive month as inventory decrease and home price decline slightly. Sales increased 3.6% in June over May. Another positive sign for the market is a decline in inventory. June inventory fell .7% which represents about a 9.4 month supply at current sales pace. First time home buyers accounted for 29% of the transaction in June.
By Region in the Midwest sales increased .9$ The median price in the Midwest was $157,000 which is 9.1% below a year ago.
If you want to read the whole article below is the link:
http://www.realtor.org/RMODaily.nsf/pages/News2009072301?OpenDocument
A little peak at tomorrow blog: A look at the Northwest Indiana Real Estate Market
According the National Association of Realtors(NAR), exsisting home sales rose for the third consecutive month as inventory decrease and home price decline slightly. Sales increased 3.6% in June over May. Another positive sign for the market is a decline in inventory. June inventory fell .7% which represents about a 9.4 month supply at current sales pace. First time home buyers accounted for 29% of the transaction in June.
By Region in the Midwest sales increased .9$ The median price in the Midwest was $157,000 which is 9.1% below a year ago.
If you want to read the whole article below is the link:
http://www.realtor.org/RMODaily.nsf/pages/News2009072301?OpenDocument
A little peak at tomorrow blog: A look at the Northwest Indiana Real Estate Market
Friday, July 24, 2009
Real Estate Introduction
Hi Everyone,
Thanks for checking out my blog. The goals of this blog is to provide information regarding the local real estate market, as well as the local real estate trends and to provide information on the whole home buying process. Because trust me it can be a long time consuming process. The areas that I plan on concentrating on is Lake, Porter, Jasper and Newton counties. So if you have any suggestions or thoughs or things real estate related please let me know. I also have more information available on my website www.nwihomesearch.com.
Thanks for checking out my blog. The goals of this blog is to provide information regarding the local real estate market, as well as the local real estate trends and to provide information on the whole home buying process. Because trust me it can be a long time consuming process. The areas that I plan on concentrating on is Lake, Porter, Jasper and Newton counties. So if you have any suggestions or thoughs or things real estate related please let me know. I also have more information available on my website www.nwihomesearch.com.
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