Indiana Housing Market Stats - Get Your Info LOCALLY

There's always plenty of media coverage about the housing market.  Some optimistic and most commonly it is quite the opposite.  The GOOD news is that local data is more reliable than national sound bites.  The true message may not come from the expected indicators - instead it is best heard from a variety of segments at diffrent times.......for example:

The rate of inventory absorption in Indiana slowed in June increasing our supply by 20.8% to 11.6 months.  New listings decreased 6.9% and pending sales increased 16.4%.  Even though inventory levels decreased by 1.5%, buyers can still find top-notch homes for great prices.

Prices stayed fairly stable.  Median Sales Price increased 1.4% to $119,000 for the state. 

On the national front - intrest rates dropped to 4.79% for a 30 year fixed conventional loan and 4.44% for an FHA loan.  Unemployment inched up to 9.2% even though unemployment claimed continued to fall.  Prolonged job growth is still the missing player in this game.

In regards to the counties that we serve - here are some micro stats comparing 2nd Quarter of 2011 to the 2nd Quarter of 2010

Bartholomew County - Closed sales are down 5.5%, median price is up 7.7% to $143,400

Boone County - Closed sales are up 1.7%, median price is up 2.6% to $180,000

Brown County - Closed sales are down 21.2%, median price is down 13.1% to 156,500

Clark County - Closed sales are down 14.9%, median price is down 5.8% to $118.250

Delaware County - Closed sales are down 17.5%, median price is down 5% to $76,000

Floyd County - Closed sales are down 14%, median price is up 4.7% to $135,000

Hamilton County - Closed sales are down 8.4%, median price is up 1.6% to $195,000

Hancock County - Closed sales are down 6.8%, median price is down 3.7% to $129,000

Hendricks County - Closed sales are down 6.2%, median price is down 2.7% to $140,000

Johnson County - Closed sales area down 20.6%, median price is down .4% to $122,000

Madison County - Closed sales are down 9.7%, median price is down 11.4% to $68,000

Marion County - Closed sales are down 18%, median price is down 7.9% to $98,500

Monroe County - Closed sales are down 16.5%, median price is up 4% to $156,000

Morgan County - Closed sales are down 17.6%, median price is down 17% to $103,700

Shelby County - Closed sales are down 7.3%, median price is down 1.3% to $95,000

Tippecanoe County - Closed sales are down 18.8%, median price is down 3.3% to $123,000