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Indianapolis Housing Market is Improving

Thursday, May 3, 2012   /   by Carlos J Higareda

Indianapolis Housing Market is Improving

The market is heating up. Homes that are priced well and that are well maintained are selling quickly in Indianapolis, Greenwood, Fishers, Avon, Carmel, and surrounding area. Now is a good time to sell and a good time to buy since rates are low.


 


INDIANAPOLIS, Ind. – The statewide housing market out-performed itself on all but one indicator during the first quarter of 2012 when compared to the same three months – January, February and March – of last year.


According to the Indiana Real Estate Markets Report today released by the state’s REALTORS:


• The number of closed home sales increased 15 percent to 12,470; • The median sale price of those homes increased three percent to $105,599; • The average sale price increased 2.4 percent to $126,652; • The number of pending sales increased 15.7 percent to 15,328; and • The number of new listings increased 1.8 percent to 29,341.


The percent of original list price received did not increase during the first quarter of 2012. It decreased less than a percent, but at 89.1 percent it is within the same range that this indicator has been for the last few years. When comparing March 2012 to March 2011, the percent of original list price received did not change from 89.9 percent. Other year-over-year comparisons are as follows:


• The number of closed home sales increased 12.4 percent to 5,170; • The median sale price of those homes increased 5.7 percent to $111,000; • The average sale price increased 4.5 percent to $131,549; • The number of pending sales increased 9.1 percent to 6,146; and • The number of new listings decreased 2.9 percent to 11,614


source:http://www.insideindianabusiness.com/newsitem.asp?ID=53336


 

eXp Realty
Carlos Higareda
719 Virginia Ave, Suite 101
Indianapolis, IN 46203
317-590-2901
317-881-3700

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