Vincennes, IN

There is no doubt that the Vincennes, IN metropolitan statistical area (MSA) has seen some ups and downs in the housing market over the past few years. However, there are some definite trends that have emerged in recent months that suggest that the market is on the rebound.

One of the most significant trends is an increase in home sales. In fact, according to data from the National Association of Realtors, home sales in the Vincennes MSA were up a whopping 11 percent in April 2018 compared to the same month a year earlier. This is indicative of a strong demand for housing in the area.

Another trend that has emerged is an increase in prices. This is likely due to the combination of increased demand and limited supply of homes on the market. According to data from Zillow, median home prices in the Vincennes MSA were up nearly 5 percent year-over-year as of May 2018.

Finally, another trend worth noting is an increase in new construction activity. This is likely due to builders feeling more confident about future demand for housing given the other positive trends mentioned above. According to data from BuildFax, there was a nearly 30 percent year-over-year increase in building permit activity in April 2018 compared to 2017 levels.

All things considered, it appears as though the Vincennes MSA's housing market is on solid footing heading into summer 2018 and beyond.