The average sale price rose 3.4% in February for homes in Southeastern Indiana as compared to February 2015. Here are the statistics:

February 2016 vs February 2015

• 3.4% Increase in average sale price ($120,976 vs $116,946)
• 7.9% Increase in median sale price ($118,500 vs $109,800)
• -4.9% Decrease in homes sold (61 homes vs 58 homes)
• -1.7% Decrease in sales volume

January – February 2016 vs January – February 2015

• 3.0% Increase in average sale price ($121,939 vs $118,355)
• 6.6% Increase in median sale price ($117,00 vs $109,800)
• -7.0% Decrease in homes sold (115 homes vs 107 homes)
• -4.1% Decrease in sales volume

It’s a great time to buy and sell a home. Home values are rising. Mortgage interest rates remain low. Look at area homes for sale here.

Statistics Courtesy of: Southeastern Indiana Association of Realtors, Home Sales Report, 3/7/16