The Indiana Association of Realtors (IAR) just released its February Housing Market Report
- Statewide home sales jumped 17% from January to total 4,895
- New Listings gained 2% from the previous month
- Sales price grew to 7% though homebuyers were able to take advantage of a more BALANCED MARKET to close sales at 95% of original listing price
- Pending sales have been stable from January to February. Rising mortgage rates continue to threaten buyers back to the sidelines
- As I have been saying for months, Indiana continues to outperform national sales trends. The population growth and economic development activity have been encouraging in driving demand for housing here
