Indiana Real Estate Summary

The Indiana real estate market is still growing slowly.  Jobs are growing in the pharmaceutical and technology centers, making Indiana relocations profitable and popular for young families.  The economy is still steady, even with unemployment slowly going up.  The cost of living in Indiana is affordable to young families. 

Indianapolis real estate is experiencing good growth.  Indianapolis is one of the fastest growing metropolitan areas in all of the US.  The market has more buyers than sellers, creating a need for more housing.  The average sale price of a home was $175,000.  Houses are on the market for 60 to 90 days before they are purchased.  Sellers are getting between 90 to 95% of their original asking price.  Overall, prices are close to 5% higher than one year ago.

Ft. Wayne real estate is in a growing market.  The average sale price for homes is $130,000 with houses only being on the market for 30 to 60 days.  The sale price is not up much, less than 5% from a year ago.  The market is even with buyers and sellers and there is a good supply of houses in all of the price levels.