INDIANAPOLIS (AP) — The Indiana Association of Realtors says the median sale price of homes across the state rose to $100,000 during January, up 5 percent when compared to the same month last year.
The group's Indiana Real Estate Markets Report released Monday says the average sale price rose marginally to nearly $122,000. The number of closed sales increased nearly 3 percent to more than 3,000.
The group's chief executive, Karl Berron, says the numbers are significant because the federal home buyer tax credit was in effect a year ago but not last month.
The Realtors says the median sale price of homes statewide has risen 14 out of the last 16 months and the inventory of homes is getting closer to normal levels.