The Indiana Association of Realtors released the Indiana Real Estate Markets Report Monday, which indicated that the first quarter of 2013 saw an increase of closed home sales from the first quarter of 2012.
This increase in home sales came with a 4.4 percent increase in the average sale price of $132,199.
In addition, the local increase in home sales is consistent with the rise as observed by the National Association of Realtors. For 13 consecutive months, prices for homes sold have increased nationally.
“Low inventory has pushed home prices higher and put more homeowners in a better equity position,” said Kevin Kirkpatrick, 2013 president of the Indiana Association of Realtors and co-owner of Prudential Indiana Realty Group in a news release.
The low inventory Kirkpatrick refers to is a 5.4 percent decrease in new Indiana listings to 27,749.
“Now is a great time for those would-be sellers to enter the marketplace,” he said. “Consumer confidence is up, interest rates are low and our members expect a busy summer season.”
— Bridget Ameche
State home sales on rise
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