(INDIANAPOLIS, IN) — Indiana REALTORS® have closed the books on January, releasing their summary of existing-home sales from the first month of 2019. Existing homes include single-family, townhomes, condos, and co-ops. “Prices are still on the rise, which is great news for homeowners and communities,” said 2019 IAR President Brian Thompson of Bloomington. “Realtors expect market conditions to continue until the pace of new home construction picks up and satisfies the high demand of Hoosiers. Robust employment and wage growth remain key to healthy housing markets, as well.” The Indiana Real Estate Markets Report obtains data from 11 of the state’s 12 listing services. The monthly report represents 98 percent of the housing market statewide and 91 of 92 Indiana counties.
- The number of pending home sales increased 8.2% to 5,837
- Average sales price of homes increased 4.6% to $179,638
- The number of new listings increased 3.9% to 6,677
IAR represents just over 17,500 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 the United States’ largest trade association, the National Association of REALTORS®, and subscribes to its strict Code of Ethics.