News & Blog

Positive News from the Indiana Association of Realtors on Market Conditions

May 21
North Eastern Group Realty

REALTORS® RELEASE INDIANA REAL ESTATE MARKETS REPORT FOR APRIL 2012
 Statewide housing market improves on all indicators as inventory drops 


(INDIANAPOLIS, IN) – REALTORS® today released their monthly Indiana Real Estate Markets Report, which showed that statewide, when comparing April 2012 to April 2011:

• The number of closed home sales increased 13 percent to 5,568;
• The median sale price of those homes increased 2.7 percent to $116,000;
• The average sale price increased 3.5 percent to $137,533;
• The number of pending home sales increased 11.8 percent to 6,101;
• The number of new listings increased 2.3 percent to 11,340; and
• The percent of original list price received increased 0.1 percent to 90.7 percent.

“April was one of the best months the statewide housing market has seen in years,” said Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®. “And members are confident the next few months of the traditional selling season will follow this positive trend so long as Hoosiers are working.

“Going forward, we will be closely watching the activity related to the percent of original list price received at sale and inventory of homes for sale,” continued Berron. “Favorable supply-demand trends may finally be ticking toward sellers, though with still historically low interest rates, qualified buyers have a great market in which to make an investment.”

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. 

At North Eastern Group Realty, our REALTORS® are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.