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Indiana housing market slows in October

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Indiana’s housing market continued to slow in October, with closed sales statewide down 10 percent compared to last year.

The Indiana Association of Realtors says the median home price remained steady at $270,000. In Michiana, Elkhart home prices rose 7% to $268,000, while South Bend prices increased 6% to $245,000.

The Michigan City/LaPorte area saw a 15% increase in closed sales, despite higher mortgage rates continuing to challenge buyers.

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