The Indiana Association of Realtors is reporting increases in November closed
home sales. The organization says that number jumped 26.2 percent, compared to
the same month in 2011. The average sale price throughout the state increased
5.1 percent.
The Indiana Real Estate Markets Report today released by the state’s
REALTORS® shows that statewide, when comparing November 2012 to November 2011,
the following occurred:
• The number of closed home sales increased 26.2 percent to 5,566,
• The
median sale price of those homes increased 8.6 percent to $119,500,
• The
average sale price increased 5.1 percent to $139,688,
• The percent of
original list price received increased 0.9 percent to 90.2 percent,
• The
number of pending home sales increased 17.2 percent to 4,640, and
• The
number of new listings increased 4.9 percent to 7,055.
“Home sales continued to increase through the end of November suggesting that
Hoosiers’ belief in homeownership remains strong as the year comes to a close,”
said Karl Berron, Chief Executive Officer of the Indiana Association of
REALTORS®. “But the biggest story of today’s report and perhaps the whole year
is that homes have not only held their value, but also made price gains.”
The good news made last month is part of a trend that proves local
residential real estate markets across the state continue to strengthen from the
worst of the recession. November 2012 marks the following consecutive
year-over-year gains in home prices and market activity:
• The number of closed home sales has increased year-over-year for 17
consecutive months,
• The median sale price of homes has increased for 12
consecutive months,
• The average sale price has increased for 11 consecutive
months,
• Sellers received a greater share of their original list price for
the ninth consecutive month, and
• The number of pending home sales has
increased for 14 consecutive months.
Anyone looking to buy 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.
More
about the Indiana Real Estate Markets Report
Established in May 2009, the Indiana Real Estate Markets Report was the
first-ever county-by-county comparison of existing single-family home sales in
Indiana. In March 2010, IAR added statistics on other types of existing detached
single-family (DSF) home sales – condominiums, duplexes, townhomes, mobile
homes, etc. – to the report.
The report became even more robust in August 2010. It now tells how the
statewide housing market is performing according to eight different indicators,
each with one-month and year-to-date comparisons, as well as a historical look.
It also provides specific county information for 91 of Indiana’s 92 counties in
a sortable table format, allowing for consistent comparison between local
markets. IAR obtains the data directly from and releases this report in
partnership with 26 of the state’s 27 Multiple Listing Services (MLSs),
including the Broker Listing Cooperative® (BLC®) in both central and
southwestern Indiana.
IAR represents approximately 15,000 REALTORS® who are involved in virtually
all aspects related to the sale, purchase, exchange or lease of real property in
Indiana. The term REALTOR® is a registered mark that identifies a real estate
professional who is a member of America’s largest trade association, the
National Association of REALTORS®, and subscribes to its strict Code of
Ethics.
Source: Indiana Association of Realtors http://www.insideindianabusiness.com/newsitem.asp?ID=57258
Showing posts with label Indiana Association of Realtors. Show all posts
Showing posts with label Indiana Association of Realtors. Show all posts
Thursday, January 3, 2013
Thursday, December 29, 2011
Realtors Report Increase in Home Sales
The Indiana Association of Realtors is reporting a 14 percent jump in closed homes sales for November, compared to the same month a year earlier. IAR also says prices did not follow the trend. The statewide median and average price of homes sold in November were slightly less than the same period in 2010.
According to the monthly “Indiana Real Estate Markets Report” today released by the Indiana Association of REALTORS®, activity was high in November with both the number of closed and pending home sales up by double digits year-over-year.
Statewide, when comparing November 2011 to November 2010:
The number of closed home sales increased 14.2% to 4,411; and
The number of pending home sales increased 10.4% to 3,959.
Prices did not follow that trend. Both the statewide median and average price of homes sold in November 2011 was less than in November 2010, but just slightly:
The median sale price of homes decreased 1.8% to $110,000; and
The average sale price of homes decreased 0.2% to $132,949.
“We’re close to being able to say that 2011 was better than the last two years,” said Karl Berron, Chief Executive Officer. “Local housing markets may not be making progress as quickly as we’d like, but they’re making progress and that’s good news for everyone.”
With regard to the slight dip in prices, Berron said REALTORS® were not concerned because year-to-date, the median sale price of homes in Indiana is actually up when compared to 2010 and 2009, and so is the average sale price.
“Home prices here in Indiana have historically held their ground,” said Berron. “It’s one of the reasons we enjoy a homeownership rate of more than seventy percent, and is certainly a positive for would-be home owners who are now shopping with some of the lowest mortgage interest rates in current memory.”
Whether market activity and value continue to grow depends upon a number of factors outside of the real estate industry’s control say REALTORS® across the state. The number one item on their list is more jobs, which drives number two and three on the group’s list – available financing for qualified buyers and less foreclosure inventory.
“Folks looking to 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,” concluded Berron.
More about the “Indiana Real Estate Markets Report”
Established in May 2009 and found online under the Reports tab of www.IndianaIsHome.com, the “Indiana Real Estate Markets Report” was the first-ever county-by-county comparison of existing single-family home sales in Indiana. In March 2010, IAR added statistics on other types of existing detached single-family (DSF) home sales – condominiums, duplexes, townhomes, mobile homes, etc. – to the report.
The report became even more robust in August 2010. It now tells how the statewide housing market is performing according to eight different indicators, each with one-month and year-to-date comparisons, as well as a historical look. It also provides specific county information for 91 of Indiana’s 92 counties in a sortable table format, allowing for consistent comparison between local markets. IAR obtains the data directly from and releases this report in partnership with 26 of the state’s 27 Multiple Listing Services (MLSs), including the Broker Listing Cooperative® (BLC®) in both central and southwestern Indiana.
IAR represents approximately 15,000 REALTORS® who are involved in virtually all aspects related to the sale, purchase, exchange or lease of real property in Indiana. The term REALTOR® is a registered mark that identifies a real estate professional who is a member of America’s largest trade association, the National Association of REALTORS®, and subscribes to its strict Code of Ethics.
Source: Indiana Association of Realtors
Source: http://www.insideindianabusiness.com/newsitem.asp?ID=51432
According to the monthly “Indiana Real Estate Markets Report” today released by the Indiana Association of REALTORS®, activity was high in November with both the number of closed and pending home sales up by double digits year-over-year.
Statewide, when comparing November 2011 to November 2010:
The number of closed home sales increased 14.2% to 4,411; and
The number of pending home sales increased 10.4% to 3,959.
Prices did not follow that trend. Both the statewide median and average price of homes sold in November 2011 was less than in November 2010, but just slightly:
The median sale price of homes decreased 1.8% to $110,000; and
The average sale price of homes decreased 0.2% to $132,949.
“We’re close to being able to say that 2011 was better than the last two years,” said Karl Berron, Chief Executive Officer. “Local housing markets may not be making progress as quickly as we’d like, but they’re making progress and that’s good news for everyone.”
With regard to the slight dip in prices, Berron said REALTORS® were not concerned because year-to-date, the median sale price of homes in Indiana is actually up when compared to 2010 and 2009, and so is the average sale price.
“Home prices here in Indiana have historically held their ground,” said Berron. “It’s one of the reasons we enjoy a homeownership rate of more than seventy percent, and is certainly a positive for would-be home owners who are now shopping with some of the lowest mortgage interest rates in current memory.”
Whether market activity and value continue to grow depends upon a number of factors outside of the real estate industry’s control say REALTORS® across the state. The number one item on their list is more jobs, which drives number two and three on the group’s list – available financing for qualified buyers and less foreclosure inventory.
“Folks looking to 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,” concluded Berron.
More about the “Indiana Real Estate Markets Report”
Established in May 2009 and found online under the Reports tab of www.IndianaIsHome.com, the “Indiana Real Estate Markets Report” was the first-ever county-by-county comparison of existing single-family home sales in Indiana. In March 2010, IAR added statistics on other types of existing detached single-family (DSF) home sales – condominiums, duplexes, townhomes, mobile homes, etc. – to the report.
The report became even more robust in August 2010. It now tells how the statewide housing market is performing according to eight different indicators, each with one-month and year-to-date comparisons, as well as a historical look. It also provides specific county information for 91 of Indiana’s 92 counties in a sortable table format, allowing for consistent comparison between local markets. IAR obtains the data directly from and releases this report in partnership with 26 of the state’s 27 Multiple Listing Services (MLSs), including the Broker Listing Cooperative® (BLC®) in both central and southwestern Indiana.
IAR represents approximately 15,000 REALTORS® who are involved in virtually all aspects related to the sale, purchase, exchange or lease of real property in Indiana. The term REALTOR® is a registered mark that identifies a real estate professional who is a member of America’s largest trade association, the National Association of REALTORS®, and subscribes to its strict Code of Ethics.
Source: Indiana Association of Realtors
Source: http://www.insideindianabusiness.com/newsitem.asp?ID=51432
Wednesday, April 27, 2011
Indiana Statewide Housing Market Overview
Here we have a copy of the Indiana Statewide Housing market Overview. It is important to note that real estate is local and local conditions do not necessarily follow state or nationwide conditions. We are fortunate to be in the Tristate. Our averages are running above those of both the state and the nationwide levels. One indicator we keep an eye on is the Months Supply of Inventory, at the local level, which for the year ending in March 2011 is 9.1. The Indiana State wide Months Supply of Inventory is 9.7. We will report on this again in one month time to see if there were any differences. Please feel free to contact me at: RolandoTrentini@FCTE.com if you have any questions or concerns. - RT
The Indiana Association of REALTORS® (IAR) today released its monthly “Indiana Real Estate Markets Report” as a continuation of its “Indiana is Home” project. Statewide, when comparing March 2011 to March 2010:
The median sale price of homes decreased 2.8 percent to $105,000; and
The number of closed sales decreased 13.0% to 4,599.
“As expected, the number of closed sales and the median sale price of homes are down year-over-year,” said Karl Berron, Chief Executive Officer. “It is likely we'll report larger percentage decreases in those measures next month. Neither is particularly concerning because of the April 30th federal home buyer tax credit deadline that pulled sales forward last year.”
REALTORS® have advised consumers for awhile now to review housing data in the long-term until the impact of the tax credit recedes. While the impact won't be as great after April, those who took advantage of the credit had until September 30, 2010, to close their transaction. This means that October 2012 is the soonest a true year-over-year comparison can be made.
“Until then, it’s a good idea to look deeper into the report,” said Berron. “Historical graphs show stability. Add that to continued low, but rising, interest rates, and qualified buyers couldn't ask for a much better time.
“Stability won't turn into growth without consumer confidence, so we're watching jobs numbers and unemployment claims closely, both of which are headed in the right direction,” he continued. “We're also watching - and advocating for changes to the mortgage industry that will ensure access to adequate mortgage capital for qualified buyers.”
More about the “Indiana Real Estate Markets Report”
Tuesday, February 22, 2011
Indiana Home Sales Up Statewide
The Indiana Association of Realtors says home sales throughout the state increased 2.9 percent in January, compared to a year ago. The median sale price also rose 5.3 percent. Chief Executive Officer Karl Berron says the numbers are significant because the federal home buyer tax credit was in play in January 2010, but not last month.
The Indiana Association of REALTORS® (IAR) today released its monthly “Indiana Real Estate Markets Report” as a continuation of its “Indiana is Home” project. Statewide, when comparing January 2011 to January 2010:
The median sale price of homes increased 5.3 percent to $100,000;
The average sale price of homes increased 0.6% to $121,941; and
The number of closed sales increased 2.9% to 3,037.
The Report at a glance:
Statewide Housing Market Overview
(Monthly Indicators)
Sortable County Tables:
One-month & Year-to-date Views
Trailing three- & 12-month Views
Reportisode:
"Homeowners Best Friend"
“These numbers are significant because the federal home buyer tax credit was in play in January 2010, but not last month,” said Karl Berron, Chief Executive Officer.
“REALTORS® have advised consumers for months now to review housing data in the long-term until the impact of the tax credit recedes. We maintain that position. A month of good news is not the sole reason for our optimism. Rather, it is what we’re seeing over several months and years that has us most hopeful,” he continued.
To Berron’s point:
The median sale price of homes, statewide, has increased 14 out of the last 16 months; and
The inventory of homes for sale has steadily trended downward since the latter part of 2007, getting closer to a normal or neutral market.
Berron conceded that activity isn’t as high as REALTORS® would like and will not be until the nation’s economy settles and there is a meaningful increase in jobs. “But,” he said, “It’s easy to see that housing has remained a smart long-term investment despite these challenges.”
More about the "Indiana Real Estate Markets Report"
Established in May 2009 and found online under the Reports tab of www.IndianaIsHome.com, the “Indiana Real Estate Markets Report” was the first-ever county-by-county comparison of existing single-family home sales in Indiana. In March 2010, IAR added statistics on other types of existing detached single-family (DSF) home sales – condominiums, duplexes, townhomes, mobile homes, etc. – to the report.
The report became even more robust in August 2010. It now tells how the statewide housing market is performing according to eight different indicators, each with one-month and year-to-date comparisons, as well as a historical look. It also provides specific county information for 91 of Indiana’s 92 counties in a sortable table format, allowing for consistent comparison between local markets. IAR obtains the data directly from 26 of the state’s 27 Multiple Listing Services (MLSs), including the Broker Listing Cooperative® (BLC®) in central Indiana.
It is a multi-media project aimed at keeping Hoosier homeowners, would-be homeowners, policymakers and the media well-informed on the ever-changing local real estate markets.
This month’s reportisode (video) discusses more benefits of homeownership, namely the mortgage interest deduction.
Indianapolis-based Boost Media Entertainment shot and produced all videos found online at www.IndianaIsHome.com.
IAR represents approximately 16,000 REALTORS® who are involved in virtually all aspects related to the sale, purchase, exchange or lease of real property in Indiana. The term REALTOR® is a registered mark that identifies a real estate professional who is a member of the world’s largest trade association, the National Association of REALTORS®, and subscribes to its strict Code of Ethics.
Source: The Indiana Association of REALTORS & InsideINdianaBusiness
http://www.insideindianabusiness.com/newsitem.asp?ID=46270
The Indiana Association of REALTORS® (IAR) today released its monthly “Indiana Real Estate Markets Report” as a continuation of its “Indiana is Home” project. Statewide, when comparing January 2011 to January 2010:
The median sale price of homes increased 5.3 percent to $100,000;
The average sale price of homes increased 0.6% to $121,941; and
The number of closed sales increased 2.9% to 3,037.
The Report at a glance:
Statewide Housing Market Overview
(Monthly Indicators)
Sortable County Tables:
One-month & Year-to-date Views
Trailing three- & 12-month Views
Reportisode:
"Homeowners Best Friend"
“These numbers are significant because the federal home buyer tax credit was in play in January 2010, but not last month,” said Karl Berron, Chief Executive Officer.
“REALTORS® have advised consumers for months now to review housing data in the long-term until the impact of the tax credit recedes. We maintain that position. A month of good news is not the sole reason for our optimism. Rather, it is what we’re seeing over several months and years that has us most hopeful,” he continued.
To Berron’s point:
The median sale price of homes, statewide, has increased 14 out of the last 16 months; and
The inventory of homes for sale has steadily trended downward since the latter part of 2007, getting closer to a normal or neutral market.
Berron conceded that activity isn’t as high as REALTORS® would like and will not be until the nation’s economy settles and there is a meaningful increase in jobs. “But,” he said, “It’s easy to see that housing has remained a smart long-term investment despite these challenges.”
More about the "Indiana Real Estate Markets Report"
Established in May 2009 and found online under the Reports tab of www.IndianaIsHome.com, the “Indiana Real Estate Markets Report” was the first-ever county-by-county comparison of existing single-family home sales in Indiana. In March 2010, IAR added statistics on other types of existing detached single-family (DSF) home sales – condominiums, duplexes, townhomes, mobile homes, etc. – to the report.
The report became even more robust in August 2010. It now tells how the statewide housing market is performing according to eight different indicators, each with one-month and year-to-date comparisons, as well as a historical look. It also provides specific county information for 91 of Indiana’s 92 counties in a sortable table format, allowing for consistent comparison between local markets. IAR obtains the data directly from 26 of the state’s 27 Multiple Listing Services (MLSs), including the Broker Listing Cooperative® (BLC®) in central Indiana.
It is a multi-media project aimed at keeping Hoosier homeowners, would-be homeowners, policymakers and the media well-informed on the ever-changing local real estate markets.
This month’s reportisode (video) discusses more benefits of homeownership, namely the mortgage interest deduction.
Indianapolis-based Boost Media Entertainment shot and produced all videos found online at www.IndianaIsHome.com.
IAR represents approximately 16,000 REALTORS® who are involved in virtually all aspects related to the sale, purchase, exchange or lease of real property in Indiana. The term REALTOR® is a registered mark that identifies a real estate professional who is a member of the world’s largest trade association, the National Association of REALTORS®, and subscribes to its strict Code of Ethics.
Source: The Indiana Association of REALTORS & InsideINdianaBusiness
http://www.insideindianabusiness.com/newsitem.asp?ID=46270
Subscribe to:
Posts (Atom)