Indiana State Markets Report Released!

Yay! Great news released from the Indiana Association of Realtors…

 Statewide housing market improves on all indicators as inventory drops 

(INDIANAPOLIS, IN) – REALTORS® today released their monthly Indiana Real Estate Markets Report, which showed that statewide, when comparing April 2012 to April 2011:

• The number of closed home sales increased 13 percent to 5,568;
• The median sale price of those homes increased 2.7 percent to $116,000;
• The average sale price increased 3.5 percent to $137,533;
• The number of pending home sales increased 11.8 percent to 6,101;
• The number of new listings increased 2.3 percent to 11,340; and
• The percent of original list price received increased 0.1 percent to 90.7 percent.

“April was one of the best months the statewide housing market has seen in years,” said Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®. “And members are confident the next few months of the traditional selling season will follow this positive trend so long as Hoosiers are working.
“Going forward, we will be closely watching the activity related to the percent of original list price received at sale and inventory of homes for sale,” continued Berron. “Favorable supply-demand trends may finally be ticking toward sellers, though with still historically low interest rates, qualified buyers have a great market in which to make an investment.”

Anyone looking to buy or invest should start with the sortable county tables of this report and then talk to a local REALTOR® who can give the most insight into what’s happening in a neighborhood, city or school district.
More about the Indiana Real Estate Markets Report
Established in May 2009, the Indiana Real Estate Markets Report was the first-ever county-by-county comparison of existing single-family home sales in Indiana. In March 2010, IAR added statistics on other types of existing detached single-family (DSF) home sales – condominiums, duplexes, townhomes, mobile homes, etc. – to the report.
The report became even more robust in August 2010.  It now tells how the statewide housing market is performing according to eight different indicators, each with one-month and year-to-date comparisons, as well as a historical look. It also provides specific county information for 91 of Indiana’s 92 counties in a sortable table format, allowing for consistent comparison between local markets. IAR obtains the data directly from and releases this report in partnership with 26 of the state’s 27 Multiple Listing Services (MLSs), including the Broker Listing Cooperative® (BLC®) in both central and southwestern Indiana.
IAR represents approximately 15,000 REALTORS® who are involved in virtually all aspects related to the sale, purchase, exchange or lease of real property in Indiana. The term REALTOR® is a registered mark that identifies a real estate professional who is a member of America’s largest trade association, the National Association of REALTORS®, and subscribes to its strict Code of Ethics.


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