Home sales in Indiana continued to show impressive strength during April following March’s forty-five percent surge as sales surpassed both the previous month’s and the previous year’s levels according to the latest housing data from the Indiana Association of Realtors(R) (IAR).
An estimated total of 5,568 existing single-family homes and condos were sold in the Hoosier State in April. That was 7.7 percent higher than the 5,170 homes sold in March and 13.0 percent higher than the 4,929 homes sold in April 2011.
The median sales price for an existing home in Indiana increased by 4.5 percent in April to $116,000, up from $111,000 in March, and was 2.7 percent higher than the median price of $113,000 in April of last year.
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