The Journal gazette reports that the U.S. Bureau of Economic Analysis says northeast Indiana’s per capita personal income as a percentage of the nation’s per capita personal income is up. In 2010, residents in the region made 79.4 percent on the dollar, and in 2011 that number rose to 79.9 percent. “We now have three...
-Inside Indiana Business
Indianapolis, Ind. — The Indiana Real Estate Markets Report today released by the state’s REALTORS shows that statewide, when comparing October 2012 to October 2011, the following occurred:
-The number of closed home sales increased 24.5 percent to 6,092,
-The median sale price of those homes increased 5.9 percent to $117,500,
-The average sale price increased 3.7 percent to $139,732,
-The percent of original list price received increased 0.9 percent to 90.6 percent,
-The number of pending home sales increased 25.7 percent to 5,560, and
-The number of new listings increased seven percent to 8,772.
The good news made last month is part of a trend that proves local residential real estate markets across the state continue to strengthen from the worst of the recession. October 2012 marks the following consecutive year-over-year gains in home prices and market activity:
• The number of closed home sales has increased year-over-year for 16 consecutive months,
• The median sale price of homes has increased for 11 consecutive months,
• The average sale price has increased for 10 consecutive months,
• Sellers received a greater share of their original list price for the eighth consecutive month, and
• The number of pending home sales has increased for 13 consecutive months.