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Hoosier Housing Market Sees Upswing

Last updated on Friday, August 26, 2011

(UNDATED) - The Central Indiana housing market is experiencing an upswing in homes sales that beats the national average.

Data collected by the Metropolitan Indianapolis Board of Realtors indicates the nine-county area experienced a 26-percent increase in homes sold in July 2011, compared to July 2010. The figure beats the overall national housing market where U.S. home sales increased by 13 percent.

Consumers in Central Indiana who sold their homes in July also saw the average sales price for homes sold increase by five percent when compared to July 2010.

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