Indiana home sales rebound with 18% leap after April skid – Inside … – Inside INdiana Business


After a 19% drop in April from the previous year, Indiana home sales have bounced back with an 18% increase in May, which the Indiana Association of Realtors attributes to Hoosiers cashing in on new housing inventory. The increase was still 16% below May 2022’s monthly total.
Nearly 7,300 existing homes were sold, paired with 9,063 new listings, a 14% increase.
“Homebuyers came back to the market much faster than sellers early this year,” IRA president Lynn Wheeler said in a news release. “After a falling inventory of homes slowed the pace in April and the early part of May, real estate seems to be regrouping as we head into summer.”
The median home sale price also increased 4% from last month to $255,000.
IAR CEO Mark Fisher said there are still shortages in the state’s market that need to be addressed to make homeownership more attainable and affordable.
You can connect to the full report from the Indiana Association of Realtors by clicking here.
Among the many ways that Len Betley, who passed away late last year, made a difference in Indiana was through his drive to conserve our natural areas. In addition to directly participating in the purchase and protection of some of Indiana’s most stunning landscapes, he led initiatives that support ongoing conservation projects and strengthened preservation organizations….
Inside INdiana Business
A division of IBJ Media
1 Monument Circle, Suite 300
Indianapolis, IN 46204
PHONE: (317) 634-6200
FAX: (317) 263-5060
Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service



Please enter your comment!
Please enter your name here