MARKET UPDATE LaPorte County
For Single Family Residential Homes September, 2009

In September, local real estate activity was seasonally active. There are currently 934 residential properties on the market. They are broken down as follows:

Beach area - 208
Michigan City area - 191
La Porte area - 295
Rolling Prairie/New Carlisle area – 71
County area - 169

In September, 79 residential properties closed, or 8.45% of current properties that were available as follows:

Beach area -8 (YTD 39)
Michigan City area – 19 (YTD 186)
La Porte area – 26 (YTD 233)
Rolling Prairie/New Carlisle area - 6 (YTD )
County area -20 (YTD 130)

Interest rates have slightly declined during the last month and are just under 5.2%. The overall number of sales for all properties in La Porte County for 2009 compared to 2008 is down 16.4% and overall dollar volume is down 29.6%. There is currently a 11.8 month supply of residential properties on the market.   

MARKET UPDATE   LaPorteCounty

For Single Family Residential Homes October, 2009

In October, local real estate activity was seasonally active. There are currently 874 residential properties on the market. They are broken down as follows:

Beach area - 170

Michigan City area - 199

La Porte area – 282

Rolling Prairie/New Carlisle area – 71

County area - 152

In October, 91 residential properties closed, or 10.4% of current properties that were available as follows:

Beach area - 13 (YTD 52)

Michigan City area – 24 (YTD 210)

La Porte area – 28 (YTD 261)

Rolling Prairie/New Carlisle area - 5 (YTD 30)

County area -21 (YTD 151) 

Interest rates have stabilized during the last month and are just under 5.3%. The overall number of sales for all properties in La PorteCounty for 2009 compared to 2008 is down 14.53% and overall dollar volume is down 30.12%. There is currently a 9.6  month supply of residential properties on the market

MARKET UPDATE LaPorte County

For Single Family Residential Homes November, 2009

In November, local real estate activity was seasonally active. There are currently 875 residential properties on the market. They are broken down as follows:

Beach area - 174

Michigan City area - 202

La Porte area – 264

Rolling Prairie/New Carlisle area – 79

County area - 156

In November, 83 residential properties closed, or 9.48% of current properties that were available as follows:

Beach area - 7 (YTD 59)

Michigan City area – 23 (YTD 232)

La Porte area – 35 (YTD 304)

Rolling Prairie/New Carlisle area - 5 (YTD 35)

County area -13 (YTD 187)

Interest rates remained stabile during the last month and are just under 5.2%. The overall number of sales for all properties in La Porte County for 2009 compared to 2008 is down 9.12% and overall dollar volume is down 26.44%. There is currently a 10.5 month supply of residential properties on the market

MARKET UPDATE  LaPorte County

For Single Family Residential Homes December, 2009

In December, local real estate activity was seasonally active. There are currently 803 residential properties on the market. They are broken down as follows:

Beach area - 151

Michigan City area -178

La Porte area – 244

Rolling Prairie/New Carlisle area – 77

County area - 153

In December, 56 residential properties closed, or 6.97% of current properties that were available as follows:

Beach area - 3 (YTD 62)

Michigan City area – 10 (YTD 242)

La Porte area – 18 (YTD 322)

Rolling Prairie/New Carlisle area - 7 (YTD 42)

County area -18 (YTD 205)

              Interest rates inclined slightly during the last month and are just under 5.4%. The overall number of sales for all properties in La Porte County for 2009 compared to 2008 is down 8% and overall dollar volume is down 24.3%. There is currently a 14.3 month supply of residential properties on the market.