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October 2013 Indiana Real Estate Markets Report

Sunday, December 1, 2013   /   by Carlos J Higareda

October 2013 Indiana Real Estate Markets Report

(INDIANAPOLIS, IN) – The number of existing, single-family homes sold statewide last month increased 3.7 percent when compared with October 2012. The median sale price of those 6,318 homes is $121,000 – a three percent increase from the same month of last year. This is according to the monthly Indiana Real Estate Markets Report today released by the state’s REALTORS®.

Other year-over-year, statewide comparisons from the report show -

  • The average sale price of homes increased 3.6 percent to $144,815

  • The percent of original list price received increased 1.3 percent to 91.7 percent

  • The number of pending home sales increased 1.4 percent to 5,637

  • The number of new listings increased 3.3 percent to 9,059

Year-to-date comparisons indicate 2013 should finish well ahead of 2012. Including October, the number of existing, single-family homes sold statewide this year increased 15.9 percent when compared with the same period of 2012. The median sale price of those 64,876 homes is $122,800 – a 4.1 percent increase from the first 10 months of last year. The average sale price is $145,977 – a 4.2 percent increase.

"With just two months left in the year, it's safe to say 2013 has been remarkable for residential real estate," said Kevin Kirkpatrick, 2013 President of the Indiana Association of REALTORS®. "Significant gains in both sales and prices were made in many markets across the state. Consumers feel empowered by low prices and interest rates, but on the other hand, sellers are starting to have an advantage.

"Statewide, we are well past the recovery stage and are moving toward a stable, balanced marketplace," continued Kirkpatrick. "Whether we fully achieve that status depends on real employment and wage growth, as well as consumer confidence."

eXp Realty
Carlos Higareda
107 N State Road 135
Greenwood, IN 46142

The source of the Licensed Listings is BLC® listing service. The Licensed Listings are confidential information of BLC® listing service. The BLC® listing information is provided by the Metropolitan Indianapolis Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Metropolitan Indianapolis Board of REALTORS® All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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