Statewide closed and pending sales continued to pick up during February, while available inventory dipped by 10.6% to the lowest point in recent years, according to the Indiana Real Estate Markets Report just released.
Statewide year-over-year comparisons (February 2016 vs. 2015) show:
Pending home sales increased 16.4%.
Closed home sales increased 9.9%.
Median sale price increased 4.2% to $125,000.
Average sales price increased 3.1% to $148,978.
Number of new listings increased 9.5% to 8,244
Percentage of original list price received increased 1.1% to 93.8%.
(Here's the biggie)
Inventory of homes for sale DECREASED 10.6% to 32,353.
"Strong buyer demand and a limited supply of homes for sale keep pushing prices up, so some homeowners might decide to sell. If they do, that would be good, because it would help relieve the inventory shortage. We're optimistic about the increase heading into spring," says Nancy Smith, 2016 president of the Indiana Association of Realtors.
Author:Bob Armstrong Phone: 502-648-1918 Dated: March 23rd 2016 Views: 1,705 About Bob: ...
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess eXperience, integrity, and innovation. Together we create leverage to make your dreams a reality.
8 task that need to be added to your Move-in listAre you moving into a
"Working with eXp Realty was a pleasure. When we started, we had no idea what we wanted, but our buyer agent helps us figure out the pros and cons of all our options. Our agent went the extra mile willing to put in the extra effort to answer our questions, to make sure we were happy with our decisions, and educated about the market and local area."