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Indiana Posts Monthly and Yearly Gains in Home Sales
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You're Now Reading:
Indiana Posts Monthly and Yearly Gains in Home Sales
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Indiana Posts Monthly and Yearly Gains in Home Sales
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April 5, 2012 (Shirley Allen)

Monthly and yearly sales of existing single-family homes and condominiums improved from January to February in Indiana while home prices edged slightly higher according to the latest housing data from the Indiana Association of Realtors® (IAR).

An estimated total of 3,551 existing single-family homes and condos were sold in the Hoosier State in February. That was 2.6 percent higher than the 3,458 homes sold in January and 20.5 percent higher than the 2,948 homes sold in February 2011.

The median sales price for an existing home in Indiana increased by 2.0 percent in February to $103,000, up from $101,000 in January, and was 0.5 percent higher than the median price of $102,500 in February of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “Our data, combined with the fact that consumer confidence is as high as it has been in a year, points to an active spring and summer. There are still some challenges to work through, but the statewide housing market is on its way to recovery with some local markets leading the charge.”

Of the 90 counties that provide data for the monthly report, forty-nine of the counties reported gains in home sales over the previous year with Grant County (+142.1 percent) reporting the largest increase while Lawrence County (-23.1 percent) posted the largest year-over-year decline in closed sales (minimum 20 sales).

Marion County recorded the most sales for the month with an estimated 617 home sales, up from 523 in February 2011, while Lake County followed with an estimated 252 closed sales for the month, up from 226 a year ago.

Year-over-year, thirty-nine counties posted an increase in their median prices led by Delaware County (+102.3 percent) with Bartholomew County (-28.8 percent) posting the largest decline in prices (minimum 20 sales).

The total number of homes available for sale continued to decline in February with 40,171 homes actively available. That’s down from 42,346 in January and from 43,759 in February of 2011.

The state had an average 9.0 months supply of homes available for purchase, up slightly from an 8.9 months supply in January but still down from an 10.0 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Indiana

Source:
IAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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April 5, 2012 (Shirley Allen)

Monthly and yearly sales of existing single-family homes and condominiums improved from January to February in Indiana while home prices edged slightly higher according to the latest housing data from the Indiana Association of Realtors® (IAR).

An estimated total of 3,551 existing single-family homes and condos were sold in the Hoosier State in February. That was 2.6 percent higher than the 3,458 homes sold in January and 20.5 percent higher than the 2,948 homes sold in February 2011.

The median sales price for an existing home in Indiana increased by 2.0 percent in February to $103,000, up from $101,000 in January, and was 0.5 percent higher than the median price of $102,500 in February of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “Our data, combined with the fact that consumer confidence is as high as it has been in a year, points to an active spring and summer. There are still some challenges to work through, but the statewide housing market is on its way to recovery with some local markets leading the charge.”

Of the 90 counties that provide data for the monthly report, forty-nine of the counties reported gains in home sales over the previous year with Grant County (+142.1 percent) reporting the largest increase while Lawrence County (-23.1 percent) posted the largest year-over-year decline in closed sales (minimum 20 sales).

Marion County recorded the most sales for the month with an estimated 617 home sales, up from 523 in February 2011, while Lake County followed with an estimated 252 closed sales for the month, up from 226 a year ago.

Year-over-year, thirty-nine counties posted an increase in their median prices led by Delaware County (+102.3 percent) with Bartholomew County (-28.8 percent) posting the largest decline in prices (minimum 20 sales).

The total number of homes available for sale continued to decline in February with 40,171 homes actively available. That’s down from 42,346 in January and from 43,759 in February of 2011.

The state had an average 9.0 months supply of homes available for purchase, up slightly from an 8.9 months supply in January but still down from an 10.0 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Indiana

Source:
IAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

April 5, 2012 (Shirley Allen)

Monthly and yearly sales of existing single-family homes and condominiums improved from January to February in Indiana while home prices edged slightly higher according to the latest housing data from the Indiana Association of Realtors® (IAR).

An estimated total of 3,551 existing single-family homes and condos were sold in the Hoosier State in February. That was 2.6 percent higher than the 3,458 homes sold in January and 20.5 percent higher than the 2,948 homes sold in February 2011.

The median sales price for an existing home in Indiana increased by 2.0 percent in February to $103,000, up from $101,000 in January, and was 0.5 percent higher than the median price of $102,500 in February of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “Our data, combined with the fact that consumer confidence is as high as it has been in a year, points to an active spring and summer. There are still some challenges to work through, but the statewide housing market is on its way to recovery with some local markets leading the charge.”

Of the 90 counties that provide data for the monthly report, forty-nine of the counties reported gains in home sales over the previous year with Grant County (+142.1 percent) reporting the largest increase while Lawrence County (-23.1 percent) posted the largest year-over-year decline in closed sales (minimum 20 sales).

Marion County recorded the most sales for the month with an estimated 617 home sales, up from 523 in February 2011, while Lake County followed with an estimated 252 closed sales for the month, up from 226 a year ago.

Year-over-year, thirty-nine counties posted an increase in their median prices led by Delaware County (+102.3 percent) with Bartholomew County (-28.8 percent) posting the largest decline in prices (minimum 20 sales).

The total number of homes available for sale continued to decline in February with 40,171 homes actively available. That’s down from 42,346 in January and from 43,759 in February of 2011.

The state had an average 9.0 months supply of homes available for purchase, up slightly from an 8.9 months supply in January but still down from an 10.0 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Indiana

Source:
IAR

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.