indiana housing market 1 2 3 tracker 4 7 5 6 - …...pending home sales 2,776 2,562 -7.7% new...

Indiana Housing Market

2018 Quarter 1 2019 Quarter 1 Percent Change

Closed home sales 1,847 1,672 -9.5%

Median sale price $150,000 $158,250 5.5%

Average sale price $173,640 $179,453 3.3%

Pending home sales 2,776 2,562 -7.7%

New listings 2,693 2,398 -11.0%

RepresentativeTrey Hollingsworth

Closed Home Sales Average Sale Price

Indiana Home Sales Comparison

T R A C K E R

Closed Home Sales Average Sale Price

2018 Quarter 1 2019 Quarter 1 Percent Change 2018 Quarter 1 2019 Quarter 1 Percent Change

Indiana 15,965 13,868 -13.1% $164,565 $171,290 4.1%

District 9 1,847 1,672 -9.5% $173,640 $179,453 3.3%

Congressional District 9 First Quarter Home Sales

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REALTOR® Contact: Lori Todd Choice Realty & Management 812-219-7778 call or text Lori@callchoicerealty.com

IAR Staff Contacts: Maggie McShaneSenior Vice President of Government Affairs317.408.3896 call or text MMcShane@indianarealtors.com

Karl BerronChief Executive Officer317.440.0245 call or text kberron@indianarealtors.com

The Indiana Housing Market Tracker is a research tool provided by the Indiana Association of REALTORS® (IAR) and the Indiana Business Research Center. Data is obtained from participatingMultiple Listing Services and Broker Listing Cooperatives®.

The Indiana Association of REALTORS® represents more than 17,500 members who are involved in virtually all aspects related to the sale, purchase, exchange, or lease of real property in the state. The term REALTOR® is a registered mark that identifies a real estate professional who is a member of the America’s largest trade association, the National Association of REALTORS®, and subscribes to its strict Code of Ethics.

Note: Data for this report is preliminary and is collected by geo-coding of MLS/BLC listings. As such, statistics may not be identical to those published in the Indiana Real Estate Market Reports. However, statistics herein are representative of market conditions.

88 months in a row as of March 2019. That’s how long the sales price of existing-homes in Indiana has increased year-over-year. However, the number of home sales across the state is down about three percent for the year (Q1 2019 vs. Q1 2018). REALTORS® expect market conditions to continue until the pace of new home construction picks up and satisfies the high demand of Hoosiers. Low interest rates, robust employment, and wage growth remain key to healthy housing markets, as well.

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