Porter Housing Prices Rebound To Decade Old Highs

Porter Housing Prices Rebound To Decade Old Highs

VALPARAISO — The housing market in Porter County continues to heat up, with existing home prices rebounding to levels not seen since the crash a decade ago.

Property assessments also continue to rise across county.

"It's a seller's market," says LaSalle Realty Group

The median selling price of existing homes rose to $179,899 last year from $163,125 in 2012. That includes a 5.2 percent jump from 2015 alone, he said. The median price now exceeds the $169,900 high from a decade ago.

The numbers of existing homes sales also rose to 2,460 last year from 1,806 in 2012.

The numbers of single-family residential home permits held steady at 163 in 2015 and 2016, and is already exceeding that rate at 42 so far this year.

"We have met with developers proposing subdivisions this year, which is something we have not seen for quite some time.Image title.

There are not enough available homes to meet the demand of buyers.

"When homes go on the market, they're gone.  

These conditions are helping to fuel a continued rise in the assessed values of properties across the county.. 

Pete LaSalle Headshot
Phone: 219-707-2476
Dated: April 17th 2017
Views: 194
About Pete: The LaSalle Realty Group consists of Husband and Wife Renata & Pete LaSalle. We have a full service ...

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Weichert, Realtors - NWI & Company
840 E Lincolnway
Valparaiso, IN

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