INDIANAPOLIS — Outpacing last year for the 11th straight month, November’s average real estate sale price rose 6.7 percent statewide to $158,175—the largest jump since March 2015.
“We’re approaching the end of a year when home prices hit pre-recession levels in many markets across
the state,” Brownsburg’s Bruce Bright, 2015 president of the Indiana Association of Realtors, said. “And despite a small dip in closed sales, November’s increase in pending transactions suggests closed sales will get a head start going into 2016.”
“Kosciusko County’s November statistics seemingly mirror the statewide data, with an increase in the number of homes available for sale and an increase in median sales price,” Mark Skibowski, broker/owner of Re/Max Lakes and vice president of the Kosciusko Board of Realtors. “Closed homes were down slightly 1.7 percent year-to-date in the county, however low interest rates, a strong local economy and affordable housing should lead to another strong year in Kosciusko County for 2016.”