Tippecanoe Home Sales Figures A Mixed Bag

Feb 20, 2012

The number of home sales in Tippecanoe County last month was less than it was a year ago.

However, sales prices have increased over that span.

Indiana Association of Realtors reports the county’s sales dropped 2.5-percent over the past twelve months.

There were about 40 fewer homes sold this January compared to last year.

Among surrounding counties, only Benton, Boone, Montgomery, and White experienced an increase in home sales.

But, the median sales price of homes in Tippecanoe is up $1,000 to $124,000.

The state average is $101,000, which is a slight increase from 2011.

Indiana, as a whole, also saw increases in closed and pending sales as well as average sales price.

Officials say that points to the state recovering from the economic downturn and expect the positive figures to continue in the future.