It apparently didn't happen in December.
"I never saw a month like it before," Peter Novak, CEO of the Greater Northwest Indiana Association of Realtors, said after December home sales statistics showed sales were up over 40% from the previous year in the seven-county area represented by GNIAR.
"It speaks to what is a great real estate market," Novak said.
But as strong as the growth was, the supply-and-demand mismatch may be tempering it.
"We continue to be in dire straits with inventory," Novak said. "There are not many homes on the market. We are showing less than a one-month supply. If we had more homes, I wonder if the increase would be even greater."