Wednesday, December 30 2009
INDIANA ASSOCIATION OF REALTORS®, INC.
December 22, 2009
FOR IMMEDIATE RELEASE
REALTORS® RELEASE "INDIANA REAL ESTATE MARKETS REPORT" FOR NOVEMBER
Sales, Median Prices Increase for the Second Month in a Row
(INDIANAPOLIS, IN) - The Indiana Association of REALTORS® (IAR) today released its "Indiana Real Estate Markets Report" for the month of November as a continuation of its "Indiana is Home" project.
The Report, found online at www.IndianaIsHome.com, is the first-ever county-by-county comparison of existing single-family home sales in Indiana. IAR obtains the data directly from the state's 23 largest Multiple Listing Services (MLSs) and the Broker Listing Cooperative® (BLC®) in central Indiana. To date, the Report represents 98% of the housing market statewide.
Statewide, November sales increased 36.5% from the same month last year; median prices saw an increase of 10.5%. This is the second consecutive month that there has been an increase in sales over the previous year.
"The numbers that we have seen from November, as well as October, are welcomed news as we approach the end of the year," said Karl Berron, Chief Executive Officer. "It remains the fact that homes continue to be affordable to Hoosier families. And while the recent jump in numbers can be linked to the impact of the $8,000 first-time homebuyer tax credit, it's important to recognize that Indiana's housing markets are continuing to make a turnaround after a very tough year.
"The increase in sales combined with other housing statistics, including increases in new construction, are important steps forward for our state's and country's economic recovery," Berron added.
More about "Indiana Is Home"
It is a multi-media project hosted by media professional Pat Carlini and aimed at keeping Hoosier homeowners, would-be homeowners, policymakers and the media well-informed on the ever-changing local real estate markets.
This month, Carlini narrates a video explaining the extension and expansion of the $8,000 first-time homebuyer tax credit. Indianapolis-based Boost Media and Entertainment shot and produced all videos found at www.IndianaIsHome.com.
IAR represents more than 16,000 REALTORS® who are involved in virtually all aspects related to the sale, purchase, exchange or lease of real property in Indiana. The term REALTOR® is a registered mark that identifies a real estate professional who is a member of the world's largest trade association, the National Association of REALTORS®, and subscribes to its strict Code of Ethics.
Reporters' contacts: Stacey Hartman, IAR; (317) 644-9210 or sahartman@indianarealtors.com Jason Tomcsi, IAR; (317) 217-9530 or jtomcsi@indianarealtors.com Andy Wilson, Boost; (317) 843-8005 or pr@boostmediaentertainment.com
Executive Offices: 7301 N. Shadeland Ave., Ste. A, Indianapolis, Indiana 46250
Governmental Affairs Office: Circle Tower Building, 55 Monument Circle, Ste.712 Indianapolis, 46204 Telephone (317) 913-3230 -- Toll-Free (800) 284-0084 -- www.indianarealtors.com
REALTOR® is a registered mark which identifies a professional in real estate who subscribes to a strict code of ethics as a member of the National Association of REALTORS®
INDIANA ASSOCIATION OF REALTORS®, INC.
For a local REALTOR® comment:
Anderson/Madison County Board of REALTORS® (Madison County) Patty Kuhn, (765-649-8106 or pkuhn@andersonarearealtors.com
Bedford Board of REALTORS® (Lawrence County)
Debbie Suddarth, (812) 849-3456 or debbiesuddarth@verizon.net
Bloomington Board of REALTORS® (Monroe & Owen Counties) Elizabeth Kehoe, (812) 339-1301 or Elizabeth.kehoe@homefinder.org
Elkhart County Board of REALTORS® (Elkhart County) Julie Alert, (574) 875-3283 or Julie@ecbor.com
Evansville Area Association of REALTORS®
(Daviess, Dubois, Gibson, Martin, Perry, Pike, Posey, Spencer, Vanderburgh & Warrick Counties)
George Postletheweight, (812) 473-3333 or georgep@evansvillerealtors.com
Greater Northwest Indiana Association of REALTORS®
(Jasper, Lake, Newton & Porter Counties)
Peter D. Novak, Jr., (219) 795-3600 or pete@gniar.com
Greene County Board of REALTORS® (Greene County) R. Randall Baker, (812) 847-3300 or gcbor@bakerfile.com
Northeastern Indiana Association of REALTORS®
(DeKalb, LaGrange, Noble & Steuben Counties)
Keith M. Vautherot, (260) 347-1593 or niaor1@mchsi.com
Putnam County Board of REALTORS® (Parke & Putnam Counties)
Diane Ummel, (765) 653-6998 or diane@putnamcountyboardofrealtors.com
REALTORS® Association of Central Indiana
(Cass, Grant, Howard, Miami, Tipton & Wabash Counties)
Kathy Harbaugh, (866) 657-7224 or kathy@raci.org
Terre Haute Area Association of REALTORS® (Clay, Sullivan, Vermillion & Vigo Counties) Julie Hux, (812) 234-8732 or Julie@thaar.com
Washington County Board of REALTORS® (Washington County) Teresa Smedley; (812) 883-5695 or wcbor@blueriver.net
Executive Offices: 7301 N. Shadeland Ave., Ste. A, Indianapolis, Indiana 46250
Governmental Affairs Office: Circle Tower Building, 55 Monument Circle, Ste.712 Indianapolis, 46204 Telephone (317) 913-3230 -- Toll-Free (800) 284-0084 -- www.indianarealtors.com
REALTOR® is a registered mark which identifies a professional in real estate who subscribes to a strict code of ethics as a member of the National Association of REALTORS®
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