The market overall is going through a normalizing process and has been since August 2005. It has only just recently resonated to our area. In our region, the market behaves with the seasons as well as national influences. As such, in the winter there is not as much activity as one would see in the Spring or Summer. Basically, over winter many sellers and buyers go into hybernation mode. And as one sees the first crocus bloom in Spring, so does the local market. But specifically answering your question regarding the amount of house for sale in Michigan City, I would offer these reasons: 1) Foreclosures, 2) ARM mortgages spiking the interest rates which the home owner cannot afford, 3) Pique selling season, 4) Buyers holding out for better deals.
In all, the inventory of homes is not only isolated to Michigan City...it is a phenomenon across the nation.
Michigan City lost a lot of industries over the last couple of year, but I assure you that LaPorte County has a lot to offer. Local government is putting actions in place to help revitalize the community. We have beautiful golf course lots available, there is Pine Lake in LaPorte, there are houses on Fish Lake and Hudson Lake. If you want to live by Lake Michigan, there are many house for sale in Long Beach. I have live here all my life and this would be a great place for you to retire and you are only 60 minutes from Chicago. If you would like to take a tour of our beautiful county, give me a call. Thanks Rosie Martin