INDIANA
REALTORS - Local Housing Markets Continue to Stabilize, Follow Seasonal Trends
Low
inventory still impacting home sales, but fetching top dollar for available
properties.
ü The
number of closed home sales decreased 7.7 percent to 6,062
ü The
median sale price of those homes increased 3.4 percent to $123,000
ü The
average sale price increased 3.9 percent to $147,187
ü The
percent of original list price received increased 0.9 percent to 92.8 percent
ü The
number of pending home sales decreased 2.7 percent to 7,201
ü The
number of new listings decreased 0.4 percent to 12,067
“With more than
800 additional homes sold statewide in April versus March, local housing
markets continue to stabilize and follow seasonal trends,” said Kevin
Eastridge, 2014 President of the Indiana Association of REALTORS and
Owner/Principal Broker of the Evansville-based F.C. Tucker Emge REALTORS.
“Supply is still tight, though improving. What housing really needs is further
job creation and wage growth, and for there to be no major changes in mortgage
rules and regulations.” “Provided the economy and the lending environment
continue on their current paths, IAR members expect for housing news to be
about the same for the next few months,” continued Eastridge. “The definite bright
spot is that home values are increasing, which is good for property owners and
the surrounding communities alike.”
Anyone looking
to buy, sell, or invest should start with the sortable county tables of this
report and then talk to a local REALTOR® who can give the most insight into
what’s happening in a neighborhood, city, or school district.
1 comment:
Sharing of these statistics about Real Estate for sale in Bloomington provides such great point of analysis to invest in real estate today. Nice post.
Post a Comment