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. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

ADVERTISEMENT