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Housing Report Shows Good Trend For SEI

Last Updated: July 23, 2012 1:54:02 pm
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Real Estate(Lawrenceburg, Ind.) - June was a huge month for the housing market in southeast Indiana, according to the Indiana Association of Realtors latest Housing Market Update.

 

In Dearborn County last month there were 49 sales of detached single family homes, condos, and townhomes. That’s up 81.5 percent from 27 sales in the same month last year. However, the median selling price in Dearborn County was down almost nine percent to $118,500.

 

Ripley County had 19 sales in June, up 11.8 percent from 17 in 2011. The median price there was up significantly - $150,000 was an increase of 33.5 percent from the same month a year ago.

 

Home sales in the local five-county region are also up noticeably through the first half of 2012. In six months, sales have totaled 339, up 13.8 percent from the 298 units sold the first half of 2011.

 

Karl Berron, chief executive officer of the Indiana Association of Realtors, called the new report very good news.

 

“Home prices and market activity were strong during June which is a result of pent-up demand and continued low interest rates. It’s also because homes across Indiana have historically held value, so real estate here has long been viewed as a wise investment,” Berron said. “The demand will only be sustained if Hoosiers are working and confident in their long-term employment. So we are listening for economic development plans and watching jobs numbers closely.”

 

See more local home sales numbers below:

 

 

INDIANA HOUSING MARKET UPDATE - JUNE 2011 VS JUNE 2012

COUNTY

CLOSED SALES 2011

CLOSED SALES 2012

% CHANGE

MEDIAN PRICE 2011

MEDIAN PRICE 2012

% CHANGE

Dearborn

27

49

+81.5

$130,000

$118,500

-8.8

Franklin

1

2

+100.0

$16,000

$320,000

+1900.0

Ohio

5

2

-60.0

$111,500

$167,750

+50.4

Ripley

17

19

+11.8

$112,400

$150,000

+33.5

Switzerland

3

4

+33.3

$30,900

$109,000

+252.8

Indiana

6,081

6,750

+11.0

$119,900

$124,000

+3.4

 

 

INDIANA HOUSING MARKET UPDATE - YEAR TO DATE 2011 VS 2012

COUNTY

CLOSED SALES 2011

CLOSED SALES 2012

% CHANGE

MEDIAN PRICE 2011

MEDIAN PRICE 2012

% CHANGE 

Dearborn

182

207

+13.7

$128,000

$122,042

-4.7

Franklin

8

7

-12.5

$99,001

$72,000

-27.3

Ohio

18

15

-16.7

$109,250

$102,000

-6.6

Ripley

71

84

+18.3

$93,000

$121,700

+30.9

Switzerland

19

26

+36.8

$52,750

$75,000

+42.2

Indiana

27,391

31,266

+14.1

$110,000

$115,000

+4.5

 

Data source: Indiana Association of Realtors

 

 

 


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