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NE Indiana Housing Market Numbers Down In March
Wednesday Apr 23, 2014 1:28am

By: Jim Measel

(UNDATED) - Figures released by the Indiana Association of Realtors on Tuesday showed a struggling housing market throughout northeast Indiana during March. While new listings stayed the same in Steuben County when compared to March of 2013, the number of closed sales dropped from 28 to 20 and the median price went down to $93,750 which was a drop of over 15 percent.

It was not much better in DeKalb and LaGrange Counties. Closed sales dropped by 61 percent in DeKalb County while new listings were off by 56 percent and the median sales price was off by 16.3 percent. LaGrange County closed sales dropped by 50 percent while new listings were off by 17 percent and the median price dropped slightly to $117,000.

Noble County's new listings were off by 18 percent but closed sales went up from 33 to 35 and the median price increased by 14 percent to over $104,000.

Association President Kevin Eastridge says low inventory continues to hold home sales back. He added potential sellers will dictate the performance of local housing markets for the next couple of months so long as employment levels remain steady.

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