(INDIANAPOLIS, IN) – May home sales were 24 percent higher than those in April, marking the fourth month in a row that the number of closed home sales statewide increased from the previous month. This is according to the Indiana Real Estate Markets Report today released by the states REALTORS®. However, the 7,552 homes sold statewide in May was 3.7 percent lower than those in the same period last year. Other year-over-year comparisons from the report show - • The median sale price of homes increased 0.4 percent to $128,000 • The average sale price increased 2.3 percent to $154,016 • The percent of original list price received increased 1.6 percent to 94.2 percent • The number of pending home sales decreased 2.3 percent to 7,448 • The number of new listings decreased 1.4 percent to 12,377 Local housing markets continue to improve month-to-month. And home values are increasing, which is as beneficial to our communities as it is to individual property owners. Low inventory keeps activity from jumping year-over-year hurdles. In addition to more homes for sale, housing most needs further job creation, wage growth, and credit availability. Provided the economy and the lending environment continue on their current paths, most brokers expect for this report to be about the same for the next few months. Anyone looking to buy, sell or invest should talk to one of the Doug Dilling Team Members.
Posted on: Tue, 24 Jun 2014 19:11:12 +0000
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