Home sales in central Indiana increase despite number of first-time buyers decreasing

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Home sales in central Indiana increase despite number of first-time buyers decreasing
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Meredith Hackler joined WRTV as a Multi-Media Journalist and Reporter in February of 2022.

INDIANAPOLIS — Owning a home is the American dream. Buying a home, though, has become more expensive. According to experts, there are a few reasons that buying a home in Indiana is more obtainable.'I think that we are starting to see a little bit of a shift away from a really strong seller's market, a little more tilted towards buyers,” Lauren Hewiitt, a Realtor and broker for FC Tucker, said.That’s just one of a few reasons that home sales are increasing.

'We had to use both of our incomes, like even now with the mortgage, if something were to happen and one of us lost our job or something, it would become very tight,” Ashley White said.With a median sale price of $295,000, Indiana is one of the most affordable states to buy a home. Experts say that's why Indiana is still seeing homes being sold regularly.'It's pretty affordable here so it's pretty attractive,” Doug McCoy, with the IU Center for Real Estate Studies, said.

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