IBJNews

Report says Indiana home sales, prices on rise

Back to TopCommentsE-mailPrintBookmark and Share

Indiana home sales and prices ended 2009 on a positive note, which may signal that the state’s housing market is poised to rebound in 2010.

According to figures released Monday by the Indiana Association of Realtors, home sales statewide rose 4.1 percent in December compared with the same month in 2008, while the median price of a house in Indiana climbed 11.2 percent during the same time frame.

That marks the third straight month home sales have increased, and the second consecutive month median prices have risen.

“December’s numbers were an encouraging way to end 2009,” association CEO Karl Berron said in a written statement. “While October’s and November’s numbers can be linked to a rush toward the original deadline for the first-time homebuyer tax credit, December hopefully shows Indiana’s housing markets are continuing to turn around, as well as bringing some momentum moving into a new year.”
 
A new federal law extends an $8,000 tax credit for first-time buyers that was to have expired in late November. It now covers homes purchased or under contract through April 30. It also creates a new $6,500 tax break for existing homeowners who have lived in their current residence for at least five years.

Not all of Indiana recorded rosy numbers. December sales slid 9.7 percent in Marion County and 6.2 percent in Hamilton County compared with a year earlier.

For all of 2009, 57,001 homes sold in Indiana, a 6.8-percent drop from the previous year. The median sale price of $105,300 reflected a 2.4-percent decline.

In Marion County, 9,881 homes sold last year, 9.1 percent fewer than in 2008. Home sales in Hamilton County totaled 4,011, a 7.7-percent decline from the previous year. And in Hendricks County, 1,837 homes sold in 2009, a drop of 8.9 percent.

ADVERTISEMENT

  • Nonsense
    As a REALTOR®, let me be the first to express my frustration with these kinds of statistics.

    These numbers are pulled from all 92 counties in Indiana and the median and average sales prices are calculated on that basis.

    It's nearly irrelevant what's happening state-wide.

    For my video interpretation, see this blog: http://www.joeshoe.com/blog/2009/12/7/median-schmedian.html
  • Fact Based
    I think the reason the numbers come from the Indiana Association of Realtors is b/c the track them better than anyone else. I donâ??t think this is lazy reporting, but more of fact based number reporting. It doesnâ??t have any editorial comments even in the story. Anyone who knows anything about Residential Real Estate knows it is turning for the betterâ?¦ Though we will never have the Prices we saw 2005!! Real Estate is still the Best Investment Americans make
  • Realtors Upbeat? What a Surprise
    Is it possible to get figures on real estate without going to assoc, that benefits from being upbeat and the market is "turning around", they've been saying they're turning around for the last 3 years. Please get some other group's assessment. Don't be so lazy on comments on housing markets.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Good Day I am Mr (Victoria Wright) from United state of America, i stayed in NEW YORK, and i have a broke up business, until i found this company email who help me to gain a loan for business,, and now i want to used this short medium to congratulate the below company for the fast and safe money they loan to me without any form of collateral, i loan 500,000USD from the company to save my business and lots more, i saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my money was sent to my account just 3 days later, i was surprise and i feel so glad, now i have a standard business control agent who help me, now i will advice those who need urgent loan to contact him at the bellow email:zenithfirm12@gmail.com

  2. NOTICE:This is to inform the general public that Vampires are real. My name is James Franklyn.,am an agent of vampire,am here to introduce our new world trend to you,a world of vampire where life get easier,we have made so many persons vampires and have turned them rich,you will be assured long life and prosperity,you shall be made to be very sensitive to mental alertness,stronger and also very fast,you will not be restricted to walking at night only even at the very middle of broad day light you will be made to walk.In case you are wildly oppressed by some unscrupulous persons we can still help you fight them.Your protection is assured immediately you join.Just contact the bellow email if you are interested we are here to attend to you anytime you want us. Contact the bellow email for more details. Email:vampirescreed@hotmail.com Sincerely: James Franklyn.

  3. Bravo! Someone else that is willing to speak the truth! Bravo!_____NBCSN is available in almost 2 MILLION more homes than just a few years ago, but Indycar STILL gets less total viewers than it did just a few years ago when NBC took over Versus. Attendance and ratings cratered with the end of season races (just when the title battle got "interesting" HAH!__________And now...new race in Basilia, where Miles celebrated the "rich history" of Indycar racing there. Rich history? What, 7 events in the 100 years of AOW? Yep, some history. Well, at least its an oval. It's not??? Are you kidding me??? Gosh darn road racin furriners.

  4. PURITY RAY LOAN OFFER........ Have you been denied by your banks,or are you in need of of an urgent loan to pay of your bills we are capable of giving loans @ cheaper rate to interested individuals, student, companies and members of the public in need of finance to settle bills, we do offer considerable loans which you can count on. For more information on our various types of loan,then you will have to contact PURITY RAY LOAN FIRM, to help you achieve your desire LOAN APPLICATION FORM TO BE FILLED BORROWERS INFORMATION * Full name:………………………. * SEX * ……………………………. * Country………………………….. * State:……………………………. * Land:…………………………….. * Occupation:…………………….. * phone number:…………………. * Telephone: ………………………….. * Age:………………………………. * Amount needed as loan:……… * Loan Duration:………………….. * Propose of Loan:……………….. * Annual revenue:………………… * Monthly Income:……………….. * Guarantee:………………………. * Payment: monthly or annually Email.....purityrayloanfirm@gmail.com Thank you and God bless Mr Purity Ray PURITY RAY LOAN FIRM we tend to serve you better

  5. Problem: most of the people responding to this article don't know about this service AT ALL! Why? Lack of awareness. This isn't IndyGo. This is CIRTA: might as well be the mattress company because they are asleep at the wheel - something like 3 directors over the last year? Playing with federal grant money is great! This "region" wants commuter rail service, has spent MILLIONS on Transportation studies yet can't even support a commuter bus line? This is largely for suburban riders to get to downtown - not for "service people to work in our hotels and restaurants" ! Get your head out of your backside!! These are professionals, students etc. that don't want to fight traffic, save some money on parking, gas, stress.... if CIRTA would put their federal money into widely promoting the sevive to Greenwood, Fishers & Carmel instead of finding directors and studies - this would be a successful service. Our family uses(d) it daily for the last several years - but the recent uncertainty & now unreliability due to cuts from Carmel has been a problem. Now, costs us an additional $350/month for gas & parking ( $4200/year) plus vehicle wear, service, environmental impact ... YES - this REGION needs this this type of service in order to keep growing and getting the people it needs to fill skilled positions in downtown Indianapolis. Think outside of your own car !!!

ADVERTISEMENT