(Lawrenceburg, Ind.) - September brought an improvement in home sales and prices for sellers in southeastern Indiana.
The latest monthly sales report from the Indiana Association of Realtors shows 34 homes were sold in Dearborn County in September, up from 24 in the same month in 2010. The report tracks sales of detached single family homes, condos, and townhomes.
Dearborn County’s median selling price was up about six percent to over $137,000.
Ripley County saw sales double from last year to 16 in September. The median sales price more than doubled from $64,750 in September 2010 to $138,500 the same month this year.
Ohio and Switzerland counties each recorded three home sales in September. Franklin County was the only county in the Eagle 99.3 listening area to see sales fall from four in September 2010 to two this year.
Statewide, when comparing September 2011 to September 2010 the number of closed home sales increased 10.2 percent to 5,163. The median sale price of homes increased 5.5 percent to $115,000 while the average sale price increased 5.9 percent to $138,543.
“It is difficult to put these numbers in perspective,” said Karl Berron, chief executive officer of the realtors association. “The federal home buyer tax credit is still at work in the year-over-year comparisons and while we cannot fully account for them, we know foreclosures and pending foreclosures are a major player in our local housing markets and have been for a long while.”
Berron added that current prices are good news for home sellers and buyers with some of the lowest mortgage interest rates in recent history.
INDIANA HOUSING MARKET UPDATE - SEPT. 2010 VS SEPT. 2011
COUNTY
CLOSED SALES 2010
CLOSED SALES 2011
% CHANGE
MEDIAN PRICE 2010
MEDIAN PRICE 2011
% CHANGE
Dearborn
24
34
+41.7$129,150
$137,250
+6.3
Franklin
4
2
-50.0
$115,750
$90,000
-22.2
Ohio
2
3
+50.0
$130,000
$82,500
-36.5
Ripley
8
16
+100..0
$64,750
$138,500
+113.9
Switzerland
3
3
0.0
$88,500
$75,000
-15.3
Indiana
4,685
5,163
+10.2
$109,000
$115,000
+5.5
INDIANA HOUSING MARKET UPDATE - YEAR TO DATE 2010 VS 2011
COUNTY
CLOSED SALES 2010
CLOSED SALES 2011
% CHANGE
MEDIAN PRICE 2010
MEDIAN PRICE 2011
% CHANGE
Dearborn
265
291
+9.8
$125,000
$131,000
+4.8
Franklin
26
15
-42.3
$80,000
$100,000
+25.0
Ohio
33
26
-21.2
$105,000
$107,000
+1.9
Ripley
135
117
-13.3
$99,000
$109,000
+10.1
Switzerland
35
36
+2.9
$76,500
$75,000
-2.0
Indiana
45,405
44,090
-2.9
$112,500
$113,900
+1.2
Data source: Indiana Association of Realtors
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