STREAMING NOW: Watch Now

Real estate is booming amid the COVID-19 pandemic

Not having enough homes on the market was a problem in Tippecanoe County and surrounding areas before the pandemic, but now it’s even worse.

Posted: Jul 2, 2020 6:55 PM

TIPPECANOE COUNTY, Ind. (WLFI) - Many Industries have been hit hard by the coronavirus but the real estate industry isn't one of them.

"I would say it's definitely a seller's market," said LuAnn Parker a real estate agent with Keller Williams Realty.

In Tippecanoe County and surrounding areas, real estate agents are busy especially since more people are looking for more space amid the pandemic.

"I can say almost everyone is saying I need 3 bedrooms and an office,” said Parker. “I hear that a lot and I am always saying well can that be a flex space? Especially when you don't have much on the market.”

Not having enough homes on the market was a problem in Tippecanoe County and surrounding areas before the pandemic, but now it’s even worse.

"We have fewer properties available because some people are fearful of putting their home on the market and having everyone come through if it's not vacant," added Parker.

That high demand for homes has caused an increase in homes that are at a certain price range.

"I think we have gone up from maybe like 220 to 222 you know it's a gradual increase," added Parker.

Homes valued anywhere from 120,000 dollars to around 220,000 dollars sell fast, which is why agents say homes in that price range have seen a slight increase in pricing.

"We don't have the listings we need,” said Parker. “So if there were more people that would actually start releasing some of their fears and putting their home on the market I think it would definitely help us and your home would sell. There are buyers out there."

This is why if you are in the market to become a homeowner you may have to wait.

"Potential buyers need to know it’s going to take a while because there are so many other buyers especially if you are in that hot price point,” added Parker. “So be patient and find an agent that's going to be active."

Parker says that several of the showings she has done have been virtual these days and one of her clients has closed without ever seeing the house in person.

West Lafayette
Clear
36° wxIcon
Hi: 50° Lo: 29°
Feels Like: °
Kokomo
Broken Clouds
34° wxIcon
Hi: 48° Lo: 28°
Feels Like: 30°
Rensselaer
Clear
32° wxIcon
Hi: 49° Lo: 29°
Feels Like: 27°
Fowler
Clear
32° wxIcon
Hi: 48° Lo: 28°
Feels Like: 27°
Williamsport
Clear
36° wxIcon
Hi: 49° Lo: 28°
Feels Like: °
Crawfordsville
Clear
32° wxIcon
Hi: 48° Lo: 28°
Feels Like: 32°
Frankfort
Clear
35° wxIcon
Hi: 49° Lo: 28°
Feels Like: 31°
Delphi
Clear
29° wxIcon
Hi: 49° Lo: 28°
Feels Like: 29°
Monticello
Clear
29° wxIcon
Hi: 50° Lo: 29°
Feels Like: 29°
Logansport
Clear
32° wxIcon
Hi: 47° Lo: 28°
Feels Like: 27°
Tranquil pattern continues...
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 359430

Reported Deaths: 6033
CountyCasesDeaths
Marion48740894
Lake30537484
Allen20668338
St. Joseph19177245
Elkhart18813246
Hamilton15457182
Vanderburgh10956137
Tippecanoe1012335
Porter932192
Johnson7732177
Hendricks7353165
Vigo6736106
Monroe604854
Madison5858125
Clark575986
Delaware5535108
LaPorte5291105
Kosciusko512948
Howard417680
Bartholomew380065
Warrick364374
Wayne362893
Floyd360279
Marshall343150
Grant326753
Cass323232
Hancock320663
Noble292450
Boone282056
Henry280741
Dubois271934
Jackson266638
Morgan259246
Dearborn252832
Gibson220333
Shelby216661
Knox212122
DeKalb210838
Lawrence205951
Clinton204025
Wabash195224
Adams192724
Miami191218
Daviess176747
Montgomery171429
Steuben168616
Jasper167717
Harrison167025
Ripley167022
Fayette165839
Whitley162417
LaGrange159534
Huntington153311
White151224
Putnam147831
Decatur145246
Wells145035
Randolph143724
Clay140426
Jefferson139719
Posey135722
Scott129725
Greene121054
Jay115516
Sullivan111418
Jennings106315
Starke104328
Spencer9678
Fulton96419
Fountain9588
Washington9019
Perry89221
Carroll81313
Franklin80228
Orange77028
Vermillion74911
Owen72210
Parke7056
Tipton68327
Blackford66116
Rush6488
Newton62513
Pike59321
Pulaski49720
Benton4483
Brown4226
Martin4006
Crawford3611
Union3032
Warren2893
Switzerland2825
Ohio2507
Unassigned0285

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events