Wednesday, October 28, 2009

Indiana Homes Sales and Unemployment

The Indiana Association of Realtors released a county by county comparison of existing single-family home homes sales in Indiana. This data comes from the states 21 largest MLS service areas.

September sales decreased 7.7% compared to 2008, median prices saw an increase of 3.8%

Karl Berron, CEO of IAR states, "we continue to be in a holding pattern, Statewide, sales are down, but home values remain stable with a small increase over the same time last year.  If you'd like to become a homeowner, there is likely no easier place to do so than Indiana.  And, wehn you factor in all the benefits of homeownership - still the only investment in which you can live - the timing couldn't be better."

For the full details, you can find the report online at

Regarding Unemployment........

Indiana's unemployment rate for September was 9.6% which was down .3% from August.  The rate has dropped 1.1% over the previous 3 months an is lower than the national rate for the first time since 10/08.
DWD Commissioner Teresa Voors says, "it is still too early to say the state has turned the corner, but the economy is "definitely trending in the right direction."

Indiana has the lowest unemployment rate among neighboring states.  Illinois is at 10.5%, Ohio is at 10.1%, Kentucky is at 10.9% and Michigian is at 15.3%

Info gathered from Inside Indiana Business

No comments:

Post a Comment