May 31, 2011
Indiana’s April Housing Market Report
The April 2011 median sale price decreased by only .9% to $113,000 and the number of closed sales decreased by 21% when comparing with April 2010. However, keep in mind these numbers are still being compared with last year’s tax stimulus purchases. Karl Berron, CEO of IAR, said that “Neither year-over-year decrease is particularly surprising or concerning.” In fact a few positives from-year-over year are that the average sales price of homes increased 2.7% and inventory levels shrank by .4%. Berron said, “all in all, from a statewide perspective, the housing market is stable and balanced."
The year-over-year comparisons will continue to show the artificial stimulated sales from 2010 until October of 2011. The tax credit expired in April of 2010 but those who took advantage of the incentive had until September 30,2010 to close. The soonest a true year-to-year comparison will be able to be made will be in October 2012. We had a severe drop off in activity after the tax credit expired.
Posted by: 
Jeremy Page
Tagged With:
current housing market,
current real estate opportunities,
housing market report,
indiana housing statistics,
indiana real estate,
jeremy page,
living in boone county,
real estate market
and real estate trends
">
Leave a Comment