-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.
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