Indiana Housing Markets Getting Hotter Going Into Summer

July 2, 2018

REALTORS® Help Consumers Negotiate and Navigate Course to Closing

(INDIANAPOLIS, IN) — The trend of rising sale prices kept up in May for existing homes — which include completed transactions of single-family homes, townhomes, condos, and co-ops — according to the Indiana Real Estate Markets Report released by the state’s REALTORS®. Statewide year-over-year comparisons (May 2018 vs. May 2017) show:

  • The number of pending home sales increased 6.4% to 9,365
  • Average sales price of homes increased 9.3% to $194,442
  • The number of new listings increased 4.6% to 11,956

“As we move into the summer months, Indiana’s home sellers are receiving significantly higher sales prices and, in many cases, multiple offers,” noted 2018 IAR President John De Souza of South Bend. “In this low-inventory market, guidance from a REALTOR® on how to juggle offers, negotiate, and close the deal is invaluable.”

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