January 2019 Housing Data for Indiana

January 2019 Housing Data for Indiana

(INDIANAPOLIS, IN) – Indiana REALTORS® have closed the books on January, today releasing their summary of existing-home sales from the first month of 2019. Existing-homes include single-family, townhomes, condos, and co-ops.

January 2019 is the 86th month in a row to see a year-over-year price increase. Statewide, the median sales price of homes is $151,200, a 4.3 percent increase when compared to January 2018. The average sales price of homes is $179,638, a 4.6 percent increase from the same month last year.

“Prices are still on the rise, which is great news for homeowners and communities,” said 2019 IAR President Brian Thompson of Bloomington. “Realtors expect market conditions to continue until the pace of new home construction picks up and satisfies the high demand of Hoosiers. Robust employment and wage growth remain key to healthy housing markets, as well.” Other statewide year-over-year comparisons show: 

• Percent of original list price received at sale decreased 0.4 percent to 94.6 percent
• Closed home sales decreased 8.6 percent to 4,178
• Pending home sales increased 8.2 percent to 5,837
• New listings increased 3.9 percent to 6,677
• Inventory of homes for sale decreased 3.7 percent to 23,130
• Months supply of homes for sale decreased 6.1 percent to 3.1 months

Visit indianarealtors.com/consumers/housing-data/ to view the fullIndiana Real Estate Markets Report, which also includes county-level data.

#Indiana #RealEstate #Indianahousing #IndianaRealEstate #IndianaRealtors