(INDIANAPOLIS, IN) – The statewide housing market out-performed itself on all but one indicator during the first quarter of 2012 when compared to the same three months – January, February and March – of last year.
According to the Indiana Real Estate Markets Report today released by the state’s REALTORS®:
• The number of closed home sales increased 15 percent to 12,470;
• The median sale price of those homes increased three percent to $105,599;
• The average sale price increased 2.4 percent to $126,652;
• The number of pending sales increased 15.7 percent to 15,328; and
• The number of new listings increased 1.8 percent to 29,341.
The percent of original list price received did not increase during the first quarter of 2012. It decreased less than a percent, but at 89.1 percent it is within the same range that this indicator has been for the last few years. When comparing March 2012 to March 2011, the percent of original list price received did not change from 89.9 percent.
“With buyers starting to jump into the marketplace, this year’s traditional selling season is shaping up to be the best we’ve seen in years,” said Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®. “But, as we’ve repeatedly said, more Hoosiers must be working and they must be confident in their prolonged employment for 2012 to continue this steady progress that has taken hold.”
“With buyers starting to jump into the marketplace, this year’s traditional selling season is shaping up to be the best we’ve seen in years,” said Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®. “But, as we’ve repeatedly said, more Hoosiers must be working and they must be confident in their prolonged employment for 2012 to continue this steady progress that has taken hold.”
“With buyers starting to jump into the marketplace, this year’s traditional selling season is shaping up to be the best we’ve seen in years,” said Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®. “But, as we’ve repeatedly said, more Hoosiers must be working and they must be confident in their prolonged employment for 2012 to continue this steady progress that has taken hold.”
At North Eastern Group Realty, we 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.
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