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Indiana home sales and prices rise in January

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The Indiana Association of Realtors says the median sale price of homes across the state rose to $100,000 during January, up 5 percent when compared to the same month last year.

The group's Indiana Real Estate Markets Report released Monday says the average sale price rose marginally to nearly $122,000. The number of closed sales increased nearly 3 percent to more than 3,000.

The group's chief executive, Karl Berron, says the numbers are significant because the federal home buyer tax credit was in effect a year ago but not last month.

The median sale price of homes statewide has risen 14 out of the last 16 months, according to the association, and the inventory of homes is getting closer to normal levels.

The group's report jibes in part with January sales statistics reported for central Indiana by F.C. Tucker Co. The real estate brokerage found that the average sale price for a home in the  nine-county Indianapolis metropolitan area was $137,913, which was 2.6 percent more than in January 2010. However, home inventory in the area dropped 2.7 percent, according to Tucker statistics. Overall sales for the metro area decreased 12.2 percent from a year earlier.

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  • Great news !!!
    This is great news...that the housing market is picking up. Hopefully I will get a job in Indiana and buy a house there.

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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

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  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

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