If you need assistance, please call 317-590-2901

NOVEMBER HOME SALES SLOW SLIGHTLY IN SEASONAL ADJUSTMENT, PRICES INCREASE

Sunday, December 22, 2013   /   by Carlos J Higareda

NOVEMBER HOME SALES SLOW SLIGHTLY IN SEASONAL ADJUSTMENT, PRICES INCREASE

 


(INDIANAPOLIS, IN) – After 28 months of year-over-year increases in the number of existing, single-family homes sold statewide, that number slightly decreased last month by 1.6 percent when compared with November 2012. However, the average and median sale price of those 5,475 homes sold in Indiana during November increased in the year-over-year comparison, and both the year-to-date comparisons of closed home sales and prices indicate 2013 will still finish well ahead of 2012. This is according to the monthly Indiana Real Estate Markets Report today released by REALTORS®.


"Housing markets across the state appear to be making some expected seasonal adjustments with severe weather preventing showings and making consumers think twice about moving," said Kevin Kirkpatrick, 2013 President of the Indiana Association of REALTORS®. "Markets have also been impacted by a lack of inventory, rising interest rates and mortgage qualification difficulties.


"The fact remains that 2013 has been remarkable for residential real estate," continued Kirkpatrick. "Significant gains in both sales and prices were made in many markets across the state. Consumers feel empowered by low prices and interest rates, but on the other hand, sellers are starting to have an advantage. Real employment and wage growth, as well as consumer confidence and mortgage availability, hold the key to success in 2014."


All year-over-year (November 2013 vs. November 2012) comparisons from the report are as follows:


? The number of existing, single-family closed home sales decreased 1.6 percent statewide


? The median sale price of those 5,475 homes increased 0.4 percent to $120,000


? The average sale price increased 4.3 percent to $145,653


? The percent of original list price received increased 1.9 percent to 92 percent


? The number of pending home sales decreased 1.1 percent to 4,591


? The number of new listings decreased four percent to 6,771


Including November, the number of existing, single-family homes sold statewide this year increased 14.3 percent when compared with the same period of 2012. The median sale price of those 70,351 homes is $122,500 – a 3.8 percent increase from the first 11 months of last year. The average sale price is $145,952 – a 4.2 percent increase.

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

The source of the Licensed Listings is BLC® listing service. The Licensed Listings are confidential information of BLC® listing service. The BLC® listing information is provided by the Metropolitan Indianapolis Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2020 Metropolitan Indianapolis Board of REALTORS® All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
This site powered by CINC: www.cincpro.com