Bad Weather, Low Inventory Blamed For Lagging Home Sales
Tuesday Mar 25, 2014 8:18pm
By: Jim Measel
(UNDATED) - Bad weather along with a low inventory are being blamed by Indiana realtors for having a negative impact on home sales in February for a second straight month. The Indiana Association of Realtors says the number of closed sales around the state went down by 13 percent compared to February of 2013 but the median price increased by 9 1/2 percent to $115,000. New listings went down in Steuben County from 65 in February of 2013 to 35 last month. Closed sales increased by three from 29 to 32 while the median price increased slightly to $110,850. The median price for a home in LaGrange County went up to $70,000 last month but dropped to $79,750 in Noble County and to $76,250 in DeKalb County. New listings and closed sales also went down last month in LaGrange, DeKalb and Noble Counties.