JEFFERSONVILLE, IN – May 31, 2012 – (RealEstateRama) — According to the latest housing data compiled by RE/MAX of Indiana, Southeast Indiana’s real estate market continued to show relatively strong growth during the first four months of the year. Thirteen percent more homes sold from January through April 2012 with 818 homes compared to the same time last year with 722 homes.
Broken out by county, Scott had the highest percentage increase of homes sold year-to-date with 50 percent from January through April 2012 compared to the same time last year. This was followed by Floyd County with nearly 37 percent. The number of homes sold increased in Clark County by only two percent.
The average price of homes sold overall in Southeast Indiana increased by four percent to $120,895. Homeowners in both Clark and Floyd counties saw the prices of homes sold increase by roughly six percent and four percent respectively, while the average sold price of homes in Scott County rose by 10 percent over the average sold price of homes in 2011.
Jan-Apr 2011 Homes Sold: 192
Jan-Apr 2012 Homes Sold: 263
% Change: 36.98%
Jan-Apr 2011 Avg Sold Price: $135,485
Jan-Apr 2012 Avg Sold Price: $141,202
% Change: 4.22%
Jan-Apr 2011 Homes Sold: 38
Jan-Apr 2012 Homes Sold: 57
% Change: 50.00%
Jan-Apr 2011 Avg Sold Price: $74,438
Jan-Apr 2012 Avg Sold Price: $81,962
% Change: 10.11%
Jan-Apr 2011 Homes Sold: 323
Jan-Apr 2012 Homes Sold: 330
% Change: 2.17%
Jan-Apr 2011 Avg Sold Price: $121,312
Jan-Apr 2012 Avg Sold Price: $128,268
% Change: 5.73%
SOUTHEAST INDIANA (ALL)
Jan-Apr 2011 Homes Sold: 722
Jan-Apr 2012 Homes Sold: 818
% Change: 13.30%
Jan-Apr 2011 Avg Sold Price: $116,050
Jan-Apr 2012 Avg Sold Price: $120,895
% Change: 4.18%
Source: Data acquired by Southern Indiana REALTORS® Assoc. Not all data may be represented.
RE/MAX of Indiana is Hoosiers’ real estate market leader with $2.7 billion in annual sales, over 75 offices and nearly 1,200 sales associates. Founded in 1987, RE/MAX of Indiana helps growing families and businesses through its expertise in residential and commercial real estate, as well as relocation and referral services. Having sold 1.5 million homes in Indiana over the last five years, “nobody sells more real estate than RE/MAX.”
For more information, visit www.remax-indiana.com, facebook.com/remaxofindiana and twitter.com/remaxofindiana