Real Estate Information Archive


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Indiana Real Estate Market Numbers

by Brian Russell

This just in! The latest numbers for the Indiana Real Estate Market....

A summary: Sales up, prices up! New listings down. This is good news for sellers/homeowners because things are turning the corner. However if you're a buyer, this is a sign that if you are able, you should be pulling the trigger and buying NOW!

From Indiana Association of Realtors:

The good news made last month is part of a trend that proves local residential real estate markets across the state continue to strengthen from the worst of the recession. September 2012 marks the following consecutive year-over-year gains in home prices and market activity:

• The number of closed home sales has increased year-over-year for 15 consecutive months,
• The median sale price of homes has increased for 10 consecutive months,
• The average sale price has increased for nine consecutive months,
• The number of pending home sales has increased for 12 consecutive months, and
• Sellers received a greater share of their original list price for the seventh consecutive month.

This isn't a one time event, we are trending this way everyone! Here's to the recovery!


This is a SWEET graphic posted by the good folks over at Moving Authorities...check 'em out!    

The housing market recovery is on the way.

by brian
The good news: the housing market recovery is on the way... The bad news: it's probably 2 years away... The problem:the large number of distressed properties that were being held up in the banks by the courts from hitting the market. These properties are referred to as the 'shadow inventory'. Now, this shadow inventory is beginning to be released into the market as state courts allow the banks to continue the sale process, which was being investigated. This will cause the market to be "flooded" with distressed properties which will a) attract buyers away from non-distressed properties and b) lower comparable home values that assessors use. How does this translate into a housing recovery? Homeowners aren't behind on their payment in as high numbers so the shadow inventory isn't growing as quickly. So, once these homes get in the market and get sold, the market can come back down to normal inventory levels; recovery. What's this got to do with me? If you're thinking of selling, get your house on the market NOW! Once the market is hit with all these home, your sale price will likely drop significantly. Otherwise, consider call us in 24 month :) Cheers, Brian

Displaying blog entries 1-3 of 3




Contact Information

Photo of Cathy Russell Real Estate
Cathy Russell
The Russell Company
2522 Covington St.
West Lafayette IN 47906
(765) 426-7000
(765) 335-5588
Fax: (765) 497-1003