Home sales rise in Gibson County | Business

There were 282 homes sold in Gibson County during 2012, a 17% increase over 2011.

The monthly Indiana Real Estate Markets Report today released by the state’s realtors provides year-end data which they say shows that 2012 was a strong turnaround year for Indiana housing markets.

The data includes single family homes, condos and townhomes.

The median sales price for homes sold in Gibson County last year $92,500 compared to $91,500. 

In December, 32 homes sold, compared to 21 in December of 2011.  The median price was $109,500 compared to $79,900 in December 2011. 

Statewide, there were 8,531 more homes sold in 2012 than in 2011 – a 14.7 percent increase year-over-year. The median price of all 66,516 homes sold in Indiana last year was $118,000, which is 4.5 percent more than the median price of all homes sold in 2011 ($112,900). The average price of all homes sold last year was $140,043, which is a 3.6 percent increase over 2011 ($135,183).

“Housing markets in Indiana have decidedly turned the corner away from the worst of the recession,” said Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS. “Statewide, market activity and home prices were better each month of 2012 than the year before, and the year as a whole was better than the last two years. But the biggest story of this report is that homes have not only held their value, but also made price gains to levels not seen since the recession began.

“Realtors have every reason to believe that buyer demand will maintain the momentum throughout 2013,” continued Berron. “Continued economic growth and cheap borrowing costs will insure it.”