Average Price of Homes  – 1985-2010  – There has been a lot of speculation about the effect of the economy on real estate values during the past two years.  Although the economic downturn hit real estate in South Central Indiana a little later than in many other parts of the country, this area has not been spared from participation in this unfortunate event.

While we have endured this situation for two years, hitting our local real estate market in the third quarter of 2008, we have directed our studies to many parts of this dilema and wanted to share the average price information we have collected.  While we realize a study of median price could be more meaningful or at least equally as meaningful, our historical data collected through the years was focused on annual averages.   Although the average price in Bartholomew County has dropped, this change is not as dramatic as one might have imagined.