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Our very own Team Director, Managing Broker Kim Odegard was interviewed by Karen Caffarini of the Post-Tribune (also in the articles photo) about the 2016 Real Estate Market. Read more of the conversation below.
The Northwest Indiana housing market had a strong year in 2016, with both new construction and the number of houses sold seeing double-digit gains over 2015 and the median selling price eclipsing those during the housing bubble.
“We haven’t matched the number of transactions in the peak years, but we have done better in the price of homes,” said Peter Novak Jr., CEO of the Greater Northwest Indiana Association of Realtors.
According to statistics provided by GNIAR, 10,970 houses were sold in its seven-county region at a median selling price of $147,000 last year. This reflects a 10.6 percent hike from the 9,915 housing units sold in 2015 and a 5 percent jump from the $140,000 median selling price. READ ON >>> ( PDF) or (ONLINE)
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