NW Indiana Housing Market Stays Strong Despite Inflation
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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.