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Southern Indiana Housing Market Remained Flat in 2011
2012 predictions point to recovery following rise in consumer confidence
JEFFERSONVILLE, IND. — (January 24, 2012) — According to the latest housing data compiled by RE/MAX of Indiana, the Southern Indiana real estate market remained flat throughout 2011 compared to 2010. The area reported a 1.5-percent increase in homes sold at 2,571 units, and a decrease in the median sold price by three percent to $111,000.
The data represents actual homes sold, or closed during 2011, rather than pended sales agreements.
While Southern Indiana home sales as a whole remained flat in 2011, analysis of individual markets indicated signs of growth. Buyers in Clarksville (28.7 percent), Sellersburg (21.8 percent) and Georgetown (16.5 percent) fueled significant increases in units sold in 2011 compared to 2010. In addition, home owners in Floyds Knobs (17.2 percent), Georgetown (7.8 percent) and New Albany (3.93 percent) all experienced higher prices for homes sold in 2011 compared to 2010.
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