Northwest Indiana Real Estate Market Update: A Strong Start to 2025

As we move through February, many people start thinking about their next move; whether it's upsizing, downsizing, or purchasing their first home. As the weather warms, it often brings a wave of buyers and sellers into the real estate market; making now the perfect time to assess where things stand.

Here's the good news: The real estate market in Northwest Indiana is off to a strong start for 2025! Despite elevated mortgage rates, key market indicators show a steady demand and limited inventory, which is driving a healthy and more balanced real estate market.

In fact, January's market statistics show a steady increase when compared to the same time last year. Most importantly, especially for seller's, is that the 12-month rolling average sale price is up 7.3%! These upward trends signal that demand remains high, and we anticipate this momentum will continue throughout the year.

What Does This Mean for Buyers and Sellers?

For Sellers: Maximize Your Home’s Value

With demand still strong and inventory remaining on the low side, sellers have a great opportunity to capitalize on their home’s value. A well-presented home, combined with our strategic marketing, can attract serious buyers and lead to a successful sale. Our team believes that not all homes are created equally, so why should the same marketing strategy be used for every home? We specialize in a customized marketing strategy for every home, to showcase your home's best features and maximize exposure and appeal. If you have been considering selling, now is a great time to start the conversation before the spring market heats up!

For Buyers: A More Balanced Market with Negotiation Power

When interest rates were at a historic low, buyers faced intense competition. This meant needing to act fast and make offers quickly, sometimes well above asking price. However, the market has now returned to a more balanced state, which means buyers have more negotiating power on price, seller concessions, and even contingencies.

If mortgage rates have been holding you back from buying, here’s something to think about: waiting could actually cost you more in the long run. Why? Once interest rates do come down, it's likely we are going to see a surge in buyer demand, leading to rising home prices. By purchasing now, you can secure your dream home and refinance later when rates improve. In fact, some of our preferred lenders are offering free refinancing options when rates drop. So don't wait to make a move, buy the home and date the rate!

Thinking About Buying or Selling? Let’s Talk!

Whether you’re looking to buy, sell, or just explore your options, our team is here to help. We’ll meet with you and guide you through every step of the process to ensure you make the most informed decision for your individual situation.

Lastly, if you’re not currently in the market but know someone who is, we’d love the opportunity to assist them! Thank you for your support and trust in The Staples Realty Group; the highest compliment we can receive is the referral of your friends, family, and associates!

Reach out today to discuss your real estate goals, and let’s make 2025 the year you make your next move!

Marc Staples | Eric Siedschlag

The Staples Realty Group

(219) 433-5002 | (219) 218-4863

Marc@StaplesREGroup.com | Eric@StaplesREGroup.com