According to MIBOR, first quarter housing numbers rose in Central Indiana while the industry continues to keep a watchful eye on inventory numbers. Listings, Units Sold and Prices all climbed at a healthy pace in the first part of 2016. New listings in Central Indiana increased 8.9% in March and 4.3% in Q1 2016 compared to the same quarter in 2015. Pending sales were up 16.5% for the month and 14.6% for the quarter. Prices continued to gain traction. Comparing March 2015 to March 2016, the Median Sales Price … [Read more...]
HOME SALES UP, LOW INVENTORY CONTINUES TO BULLY HOUSING MARKETS
HOME SALES UP, LOW INVENTORY CONTINUES TO BULLY HOUSING MARKETS (INDIANAPOLIS, IN) — Statewide closed and pending sales continued to pick up pace during February, while available inventory dipped by 10.6 percent to the lowest point in recent years. This is according to the Indiana Real Estate Markets Report today released by the state’s REALTORS®. Other statewide year-over-year comparisons (February 2016 vs. February 2015) show: Pending home sales increased 16.4 … [Read more...]
Indy NE Housing Affordability Profile
The Indy NE Housing Affordability Profile indicates that the current housing market in the 10 mile radius shown from NE Indianapolis has 223,073 homes and 9,635 were sold between August 2013 and July 2014. Take a look at some of the stats and market history at the link below. Latest Housing Affordability Profile … [Read more...]