By MICHELLE CABRERA
MLS Coordinator, Kosciusko Board of Realtors

INDIANAPOLIS — At the end of Q3 2015, there were 4,757 more homes sold statewide than at the same point in time last year, an 8.4 percent increase. This is according to the monthly Indiana Real Estate Markets Report released today, Wednesday, Nov. 25, by the state’s realtors.

“We expect to be heading into the usual seasonal drop-off,” said Brownsburg’s Bruce Bright, 2015 president of the Indiana Association of Realtors. “But right now, Indiana’s economy is ranked number eight for business climate and number 12 for job creation in the nation. The Hoosier state’s strong economic position plus ultra-low borrowing rates may help soften blows to housing activity linked with the cold season.”

“The local Kosciusko real estate market typically transitions this time of year from summer to winter,” said Greg Mitchell, Greg Mitchell Appraisal and Consultant, “which normally leads to fewer new listings on the month to month comparison as noted in the Indiana Real Estate Markets Report for September. Given the current low interest rate environment, diverse economy from agriculture to orthopedics, substantial schools with the enticing lake resources, the local real estate market appears to be solid and a great place to make your real estate investment.”