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SEI Sees 135 Home Sales In 1Q

Posted On April 24, 2012

(Lawrenceburg, Ind.) – Southeast Indiana home sales in the first quarter of 2012 have been on a nearly identical pace with the first quarter last year, according to the latest Indiana Association of Realtors Housing Market Update.

 

The report tracks sales and prices of detached single family homes, condos, and townhomes.

 

The southeast Indiana five-county region has seen 135 homes sold through the first three months of this year, just off from the 136 homes sold during the same time period last year.

 

Dearborn County has seen 86 homes sold through for the year to date, just one fewer than last year. The county’s median sales price has declined 11.4 percent to $110,770.

 

The Ripley County housing market has improved slightly from 29 sales last year to 31 so far in 2012. However, the median selling price has shot up 42.4 percent to $131,000.

 

Statewide, the selling rate has risen 15 percent to 12,470 units while the median price has improved three percent to $105,599.

 

“With buyers starting to jump into the marketplace, this year’s traditional selling season is shaping up to be the best we’ve seen in years,” said Karl Berron, Chief Executive Officer of the Indiana Association of Realtors. “But, as we’ve repeatedly said, more Hoosiers must be working and they must be confident in their prolonged employment for 2012 to continue this steady progress that has taken hold.”

 

INDIANA HOUSING MARKET UPDATE – 1ST QUARTER 2011 VS 2012

COUNTY

CLOSED SALES 2011

 CLOSED SALES 2012

% CHANGE

MEDIAN PRICE 2011

MEDIAN PRICE 2012

% CHANGE 

Dearborn

87

86

-1.1

$125,000

$110,770

-11.4

Franklin

5

2

-60.0

$107,001

$87,330

-18.4

Ohio

10

6

-40

$114,000

$59,750

-47.6

Ripley

29

31

+6.9

$92,000

$131,000

+42.4

Switzerland

5

10

+100.0

$40,000

$92,500

+131.3

Indiana

10,848

12,470

+15.0

$102,500

$105,599

+3.0

 

Data source: Indiana Association of Realtors