2Q-2006 housing market stats released by NAR

Bubble-watchers in the media jumped on the latest market data releases from NAR this week, as some cooling does seem to be occurring in many formerly “hot” markets. For the Hoosier state, there was both good news and bad news buried in the figures.

The Good: Sales of existing home sales fell nationally, and this has been the major point in most media coverage (see this AP piece here, for example). But home sales in the Midwest did not fall as sharply as they did nationally, and Indiana actually saw a 4.8% increase from 2Q 2005 to 2Q 2006. Click here to jump to the release document and stats.

The Bad: Some Indiana metro areas included in NAR’s survey showed price declines (although they were slight) for single-family homes from 2Q 2005 through 2Q 2006. Click here for the release on the price appreciation stats.