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Indiana Real Estate Markets Reports for July 2012

Monday, August 20, 2012   /   by Carlos J Higareda

Indiana Real Estate Markets Reports for July 2012

(INDIANAPOLIS, IN) – For at least   the seventh consecutive month, home prices and market activity across Indiana   outpaced the year prior.
  The Indiana Real Estate Markets   Report today released by the state's REALTORS® shows that statewide, when   comparing July 2012 to July 2011, the following occurred:
  • The number of closed home sales   increased 14.4 percent to 6,370,
  • The median sale price of those   homes increased 2.5 percent to $123,000,
  • The average sale price increased   1.5 percent to $148,297,
  • The number of pending home sales   increased 15.1 percent to 5,967,
  • The number of new listings   increased 4.1 percent to 10,267, and
  • The percent of original list   price received increased 1.0 percent to 91.5 percent.
  “July was a great month in   residential real estate,” said Karl Berron, Chief Executive Officer of the   Indiana Association of REALTORS®. “With regard to closed sales, last month   was actually the thirteenth consecutive month of year-over-year increases and   put 2012 one step closer to surpassing years in which a federal home buyer   tax credit was available. With regard to home prices, July put values back to   levels not seen since the housing downturn began.
  “Sustained recovery will not   happen without real employment and wage growth,” continued Berron. “Consumers   must be confident in both the greater economy and their family finances   before signing on the dotted line. Thus far, cheap borrowing costs and the   fact homes here have historically held value have been the glue binding   things together.”
  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.  



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

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