A realty team recently submitted information from their company’s market report that indicates the Indianapolis area residential housing market continues to lead the country toward a healthy rebound.

Available homes for sale in the nine-county region dropped 14.5 percent in January 2009 with 2,613 fewer homes on the market than in January 2008. Total homes available for sale in January were 15,415, according to active listing statistics compiled by a major real estate company in the city. Hendricks County, Shelby County and Marion County experienced the greatest decrease in inventory, with -22 percent, -20.5 percent and -19.7 percent, respectively.

With fewer homes on the market, sellers are in a better position to transition to another home.

The recently-released data also shows homes in Johnson County sold for an average of $154,239 in January 2009, compared to $136,042 in January 2008, a 13.4 percent increase in the average home sales price.

To read the entire article, click here.

Submitted by Tanya Smythe