Lafayette-West Lafayette-Frankfort, IN

There is no doubt that the Lafayette-West Lafayette-Frankfort, IN combined statistical area (CSA) has seen some incredible real estate trends over the past few years. The most notable trend has been the rise in home prices, which have been increasing at a rapid pace. According to Zillow, the median home value in the CSA is currently $183,700, which is a 7.4% increase from last year. This trend is expected to continue as more and more people are looking to purchase homes in the area.

Another trend that has been occurring in the CSA is the decrease in available inventory. This has caused many buyers to compete for a limited number of homes, driving up prices even further. According to Realtor.com, there was a 9% decrease in available homes for sale in the CSA from February 2018 to February 2019. This trend is likely to continue as demand for housing in the area remains high.

If you are thinking of buying a home in the Lafayette-West Lafayette-Frankfort, IN CSA, it is important to be aware of these trends so that you can make informed decisions about your purchase. Prices are rising rapidly and competition for homes is fierce, so it is important to be prepared before beginning your search. With knowledge of these trends, you will be well on your way to finding your dream home in this beautiful area of Indiana!