INDIANA REAL ESTATE MARKETS REPORT FOR JUNE 2012

By
Real Estate Agent with F.C.TuckerEmge Realtors, LLC

Home prices and market activity held strong during June according to themonthly Indiana Real Estate MarketsReport today released by the state’s REALTORS®.

Highlightsfrom the report include:

• The median sale price of homes statewide is in its seventh consecutivemonth of year-over-year increases and back to a level not seen since 2007.
• The average sale price of homes statewide is in its sixth consecutivemonth of year-over-year increases and also back to a level not seen since 2007.
• The number of closed home sales is in its 12th consecutivemonth of year-over-year increases with 2012 on track to surpass years in whicha federal home buyer tax credit was available.

“Forthe third month in a row, the statewide housing market has made very goodnews,” said Karl Berron, Chief Executive Officer of the Indiana Association ofREALTORS®. “Home prices and market activity were strong during June which is a resultof pent-up demand and continued low interest rates. It’s also because homesacross Indiana have historically held value, so real estate here has long beenviewed as a wise investment.

“Thedemand will only be sustained if Hoosiers are working and confident in theirlong-term employment,” continued Berron. “So we are listening for economicdevelopment plans and watching jobs numbers closely.”

Gettingback to the traditional year-over-year comparisons of the Indiana Real Estate Markets Report, statewide, when comparing June2012 to June 2011:

• The number of closed home sales increased 11 percent to 6,750;
• The median sale price of those homes increased 3.4 percent to $124,000;
• The average sale price increased 2.7 percent to $147,559;
• The number of pending home sales increased 9.7 percent to 6,026;
• The number of new listings decreased 2.1 percent to 10,598; and
• The percent of original list price received increased 1.2 percent to 91.8percent.

Anyonelooking to buy or invest should start with the sortable county tables of this reportand then talk to a local REALTOR® who can give the most insight into what’shappening in a neighborhood, city or school district.

Source: http://www2.realtoractioncenter.com/site/MessageViewer?em_id=138603.0&autologin=true

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