northwest indiana real estate and homes market report

7/22/2019 Northwest Indiana Real Estate and Homes Market Report

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MARKET ACTION REPORT

January 2014

City: Cedar Lake, Crown Point, Dyer, Griffith, Hammond, Munster, Schererville, St. john, Whiting

Candace TaylorRealtor(219) 488-9044(781) 547-7364 [email protected]

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear

Median List Price of all Current Listings $159,900

Average List Price of all Current Listings $208,047

January Median Sales Price $143,450 $143,450

January Average Sales Price $162,929 $162,929

Total Properties Currently for Sale (Inventory) 1,480

January Number of Properties Sold 164 164

January Average Days on Market (Solds) 86 86

Asking Price per Square Foot (based on New Listings) $99 $99

January Sold Price per Square Foot $80 $80

January Month's Supply of Inventory 9.0 9.0

January Sale Price vs List Price Ratio 96.7% 96.0%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales January Property sales were 164, down -9.9% from 182 in January of 2013 and -34.7% lower than the 251 sales last month. January 2014 sales were at a midlevel compared to January of 2013 and 2012. January YTD sales of 164 are running -9.9% behind last year's year-to-date sales of 182.

Prices


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January 2014




Inventory & MSI The Total Inventory of Properties available for sale as of January was 1,480, down -1.1% from 1,496 last month and down -8.5% from 1,617 in January of lastyear. January 2014 Inventory was at the lowest level compared to January of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2014 MSI of 9.0 months was at a mid rangecompared with January of 2013 and 2012.

Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for January was 86, down -2.3% from 88days last month and down -18.1% from 105 days in January of last year. The January 2014 DOM was at its lowest level compared with January of 2013 and2012.


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January 2014




Selling Price vs Listing Price The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The January 2014 Selling Price vs List Price of 96.7% was upfrom 95.8% last month and down from 96.8% in January of last year.

Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annualseasonality of the market as well as the relationship between these items. The number of New Listings in January 2014 was 399, up 56.5% from 255 lastmonth and down -14.7% from 468 in January of last year.


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January 2014

City: Cedar Lake, Crown Point, Dyer, Griffith, Hammond, Munster,Schererville, St. john, Whiting



2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker ResidentialBrokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.

Based on information from Greater Northwest Indiana Association of REALTORS for the period 2/1/2011 through 1/31/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational andmay not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

F 11 M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14

Homes Sold 119 170 201 234 236 208 231 218 211 191 197 150 133 203 233 246 268 268 300 261 260 241 219 182 201 238 279 325 308 332 344 302 301 249 251 1643 Mo. Roll Avg 163 202 224 226 225 219 220 207 200 179 160 162 190 227 249 261 279 276 274 254 240 214 201 207 239 281 304 322 328 326 316 284 267 221

(000's) F 11 M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14MedianSalePrice 140 133 136 145 163 150 147 145 133 150 137 121 139 134 149 164 160 159 155 157 150 136 142 152 135 143 153 160 155 164 160 162 157 160 152 1433 Mo. Roll Avg 136 138 148 152 153 147 142 143 140 136 132 131 141 149 158 161 158 157 154 148 142 143 143 143 144 152 156 160 160 162 160 160 156 152

F 11 M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14Inventory 2,054 2,145 2,235 2,269 2,324 2,286 2,235 2,127 2,057 1,899 1,716 1,788 1,811 1,903 1,973 2,033 2,044 2,014 1,954 1,893 1,798 1,736 1,538 1,617 1,643 1,676 1,719 1,762 1,865 1,902 1,868 1,823 1,777 1,698 1,496 1,480MSI 17 13 11 10 10 11 10 10 10 10 9 12 14 9 8 8 8 8 7 7 7 7 7 9 8 7 6 5 6 6 5 6 6 7 6 9

F 11 M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14Days On Market 106 1 11 1 22 1 23 1 25 1 10 1 12 1 06 1 06 1 27 1 17 1 07 1 05 1 12 1 10 1 05 98 1 05 1 08 1 00 95 93 1 02 1 05 99 1 00 98 1 03 89 82 86 91 91 79 88 863 Mo. Roll Avg 113 119 123 119 116 109 108 113 117 117 110 108 109 109 104 103 104 104 101 96 97 100 102 101 99 100 97 91 86 86 89 87 86 84

F 11 M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14Price per Sq Ft 84 81 85 86 92 87 85 84 71 79 76 70 77 77 294 81 83 78 82 79 80 76 75 78 76 76 81 83 84 86 85 85 85 83 79 803 Mo. Roll Avg 83 84 88 88 88 85 80 78 75 75 74 75 149 151 153 81 81 80 80 78 77 76 76 77 78 80 83 84 85 85 85 84 82 81

F 11 M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14Sale to List Price 0.942 0.953 0.947 0.951 0.944 0.937 0.950 0.951 0.940 0.959 0.943 0.949 0.956 0.947 0.950 0.960 0.963 0.949 0.960 0.951 0.958 0.957 0.951 0.968 0.969 0.956 0.968 0.970 0.961 0.976 0.962 0.967 0.971 0.958 0.958 0.9673 Mo. Roll Avg 0.947 0.950 0.947 0.944 0.944 0.946 0.947 0.950 0.947 0.950 0.949 0.951 0.951 0.952 0.958 0.957 0.957 0.953 0.956 0.955 0.955 0.959 0.963 0.964 0.964 0.965 0.966 0.969 0.966 0.968 0.967 0.965 0.962 0.961

F 11 M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14

New Listings 377 514 507 499 482 437 450 373 424 303 289 433 390 500 494 484 485 434 445 393 427 344 267 468 393 446 503 516 562 523 473 464 446 367 255 399Inventory 2,054 2,145 2,235 2,269 2,324 2,286 2,235 2,127 2,057 1,899 1,716 1,788 1,811 1,903 1,973 2,033 2,044 2,014 1,954 1,893 1,798 1,736 1,538 1,617 1,643 1,676 1,719 1,762 1,865 1,902 1,868 1,823 1,777 1,698 1,496 1,480Sales 119 170 201 234 236 208 231 218 211 191 197 150 133 203 233 246 268 268 300 261 260 241 219 182 201 238 279 325 308 332 344 302 301 249 251 164

(000's) F 11 M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14Avg Sale Price 167 149 152 154 175 160 165 156 142 165 148 132 154 147 401 173 179 170 175 165 164 162 147 172 151 151 167 173 168 181 180 173 174 176 163 1633 Mo. Roll Avg 156 151 160 163 166 160 154 155 152 148 145 145 234 240 251 174 175 170 168 164 158 160 156 158 156 163 169 174 176 178 175 174 171 167

northwest indiana real estate and homes market report

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