February 11, 2016
Indiana Home Sales and Pricing Climb Again in December
(INDIANAPOLIS, IN) –There were 80,244 existing, single-family homes sold in Indiana last year, a 6.9 percent increase from 2014. Median sale price of those 80,244 homes increased 5.6 percent to $133,000. This is according to the Indiana Real Estate Markets Report today released by the state’s REALTORS®.
Monthly comparisons (December 2015 vs. December 2014) show:
- The number of pending home sales increased 9.6% to 4,810
- The percent of original list price received increased .3% to 93.7%
- Average days on market through December was 83 days
- The number of new listings decreased 4.4% to 5,241
“Many housing markets across the state are past the slump of the Great Recession,” said Shelbyville’s Nancy Smith, 2016 President of the Indiana Association of REALTORS®. “High energy activity—from buyers and sellers—is keeping up, and many indicators suggest the momentum seen last year should bridge over into 2016. If the job market and wages remain strong, even healthier market conditions are yet to come.”
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.