INDIANA REALTORS® RELEASE SEPTEMBER HOUSING DATAPrices Increase Year-Over-Year For 82nd Consecutive Month
(INDIANAPOLIS, IN) – Indiana REALTORS® have closed the books on September, today releasing their summary of existing-home sales – single-family, townhomes, condos, and co-ops included – from last month.
Prices increased year-over-year just as they have done every other month of 2018 so far and for the last 82 months in a row. Statewide, the median sales price of homes is $160,000, a 6.7 percent increase when compared to September 2017. The average sales price is $187,156, a 6.6 percent increase from the same month last year.
Sales decreased year-over-year, which makes September the fourth month that has occurred in 2018 so far. Statewide, the number of closed home sales decreased 3.6 percent to 7,430. Year-to-date, however, sales are still up a bit – 1.2 percent – from the same point in 2017.
“Low supply and consumer optimism continue to drive markets around the state,” said 2018 IAR President John De Souza of South Bend. “Realtors® do not expect conditions to change until something dramatic happens with new construction or employment and wages. Given our historically low inventory, sellers can still get very close to asking prices, which makes it a great time to sell.”