Indianapolis Housing Market Bouncing Back
Sales of existing homes in Indianapolis were the most since 2008
The lowest mortgage rates in decades, an upswing in hiring, fewer distressed properties dumped on the market and rising consumer confidence.
Add them up and it made 2012 the best-performing housing market in the Indianapolis area since the recession.
Sales of existing homes were the most since 2008, jumping 18.5 percent to 25,736 from the previous year. And the median price rose nearly 6 percent, to $122,000, reassuring homeowners worried about past erosion of value in their largest investment.