Indiana Home Sales Up Across The State in November

Indiana Home Sales Up 13.1% in Third Quarter Over 2011From various sources:

Northwestern: According to the latest housing data compiled by RE/MAX of Indiana, Northwest Indiana’s real estate market recorded strong year-over-year growth during the month of November. The 12-county area experienced a 28 percent increase in homes sold in November with 676 homes, compared to the same time last year with 528 homes. (Source)

Southern: There were 266 homes sold in Southern Indiana in November, a 33 percent increase from the 200 sold in November 2011, according to new numbers from Re/Max of Indiana. The numbers reported include sales in Clark, Floyd, Harrison, Scott, Washington and Orange counties. “The fourth quarter has been on fire,” said Bill Burns, broker/owner of Re/Max First, in a news release. “We are forecasting heightened demand in addition to a decrease in inventories for 2013, which should result in rising home values along with shorter days on market.” (Source)

Central: With 1,708 pended sales in November in Central Indiana, overall year-to-date home sales are up 16.9 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company. The increase marks the 19th consecutive monthly increase over the previous year’s existing home sales. November 2012 pended home sales rose 14.2 percent over November 2011, an increase of 213 homes sold in the nine counties that F.C. Tucker tracks. Eight of the nine counties reported increased sales compared to November 2011. In November, Hendricks County saw the largest increase in pended home sales which spiked 64.2 percent, raising the number of pended home sales to 174 from 106 in November 2011. Madison and Morgan counties also experienced hefty increases of 55.7 and 44.7 percent, respectively, over November 2011. Only Johnson County saw a decline, decreasing 3.6 percent from November of last year. (Source)

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