NWI Residential Real Estate Market Growing Strong in First Quarter of 2014

rot2Both Porter and Lake County are experiencing data in the first quarter of 2014 similar to that of 2012, showing homes selling $20,000 higher than averages for 2013, which means this is a great time to sell your home. Depending on the area, statistics show that Days on the Market (DOM) are ranking in at a lower average as well since 2012 indicating the areas of both Porter and Lake County are sought after areas for homebuyers.

The good news is that both Porter and Lake County’s sales price is up in 2014 as compared to 2013. Also, depending on the area, statistics show that Days on the Market (DOM) are lower than 2013. Obviously, the weather has affected the amount of homes sold, so that number is down compared to 2013. But as we hopefully head into spring and leave the cold behind us, the amount of homes sold will increase. Jeanne Sommer of Century 21 Alliance Group in Valparaiso stated, “I think people are waiting, and who can blame them with the weather we have been experiencing.” In reference of Rick Davidson, President and CEO of Century 21 REAL ESTATE, LLC, he stated at the beginning of 2014, “Prices, inventory, and consumer confidence are all on the rise.” Overall, we see this prediction coming to light and foresee 2014 to continue an incline of growth in residential and commercial real estate.

ABOUT CENTURY 21 ALLIANCE GROUP CENTURY 21 Alliance Group is a full-service brokerage firm specializing in residential and commercial listings. As Northwest Indiana’s premier real estate agency, CENTURY 21 Alliance Group has earned CENTURY 21’s Quality Service Award seven years in a row. The realty company is located at 450 Lincolnway, Suite 200 in Valparaiso, IN and has listings in Porter, Lake and LaPorte counties. For more information, call (219) 462-2090 or visit www.21alliance.com.

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