Indiana markets continue to lead housing index
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For the third consecutive quarter, the Lafayette-West Lafayette market tops the Emerging Housing Markets Index from The Wall Street Journal and Realtor.com. Three other Indiana communities are also included in the top 10 of the ranking.
The index identifies the top 300 metro areas for home buyers seeking an appreciating housing market, a strong local economy, and appealing lifestyle amenities, according to the WSJ.
Realtor.com said the top-ranked markets had faster home sales than the market as a whole. The top 20 markets saw the home sales rise by 16% on average for the year ending in June.
The publication cited data from the Indiana Association of Realtors that said the median home-sale price in Tippecanoe County was $292,000 in June, up 10.5% from the previous year.
The Fort Wayne market is ranked No. 2, followed by Elkhart-Goshen at No. 3. South Bend-Mishawaka also improved its ranking to No. 9 in the Q2 index.
The other metropolitan areas that include Indiana communities on the second-quarter index are:
- No. 28 – Louisville/Jefferson County
- No. 38 – Cincinnati
- No. 39 – Evansville
- No. 68 – Indianapolis-Carmel-Anderson
- No. 116 – Terre Haute
- No. 148 – Bloomington
- No. 170 – Chicago-Naperville-Elgin
The remaining markets in the top 10 are Bloomington, Illinois; Sioux City, Iowa; Columbus, Ohio; Topeka, Kansas; and Kingsport-Bristol-Bristol (TN-VA).
You can connect to the full index by clicking here.