Column: Trending towards a balanced market

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Central Indiana continues to trend towards a more balanced market as fewer homes become available and selling prices rise. For August 2015, Tucker’s data revealed an 11.1 percent decline in home sales compared to August 2014. However, average year-to-date home sale prices climbed 4.9 percent to $186,087.

All nine central Indiana counties F.C. Tucker tracks experienced varying declines of inventory. Hamilton County saw a 7.5 percent decline in inventory while the average year-to-date sale price for the county climbed 3.4 percent to $278,093.

  • In Westfield, year-to-date home sale prices increased by 9.5 percent compared to the same time last year to $292,065.
  • Of the pended home sales in Westfield last month, one was priced above $1,000,000; six were priced $500,000 to $999,999; 19 were priced $300,000 to $499,999; 27 were priced $200,000 to $299,999; and 36 were priced $100,000 to $199,999.
  • Inventory moved at a faster pace in Westfield in August 2015. Overall, homes sold in 49 days – five days faster than this time last year.
  • Buyers in Westfield had slightly fewer options available to them. Last month, 235 homes were available for sale, which were 14 fewer homes compared to August 2014.
  • Pended home sales have slipped in Westfield. In August 2015, 89 homes sold – a decline of six homes compared to August 2014.

The residential real estate story in the Indianapolis area continues to be declining inventory and increasing prices, which is attractive for home sellers. Although we saw a slight decline in home sales in August, the overall trend is positive. Interest rates and unemployment remain low, and consumer confidence is relatively strong.

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Column: Trending towards a balanced market

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Central Indiana continues to trend towards a more balanced market as fewer homes become available and selling prices rise. For August 2015, Tucker’s data revealed an 11.1 percent decline in home sales compared to August 2014. However, average year-to-date home sale prices climbed 4.9 percent to $186,087.

All nine central Indiana counties F.C. Tucker tracks experienced varying declines of inventory. Hamilton County saw a 7.5 percent decline in inventory while the average year-to-date sale price for the county climbed 3.4 percent to $278,093.

  • In Fishers/Geist, the average year-to-date home sale price increased by 3.3 percent compared to the same time last year to $263,669
  • Of the pended home sales in Fishers/Geist last month, 10 were priced $500,000 to $999,999; 24 were priced $300,000 to $$499,999; 41 were priced $200,000 to $299,999; 70 were priced $100,000 to $199,999; and three were priced at $99,999 or less.
  • Inventory moved at a faster pace in Fishers/Geist in August 2015. Overall, homes sold in 51 days – seven days faster than this time last year.
  • Buyers in Fishers/Geist had slightly fewer options available to them. Last month, 554 homes were available for sale, which were 94 fewer homes compared to August 2014.
  • Pended home sales have slipped in Fishers/Geist. In August 2015, 148 homes sold – a decline of 35 homes compared to August 2014.

The residential real estate story in the Indianapolis area continues to be declining inventory and increasing prices, which is attractive for home sellers. Although we saw a slight decline in home sales in August, the overall trend is positive. Interest rates and unemployment remain low, and consumer confidence is relatively strong.

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Column: Trending towards a balanced market

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Commentary by Jim Litten

Central Indiana continues to trend towards a more balanced market as fewer homes become available and selling prices rise. For August 2015, Tucker’s data revealed an 11.1 percent decline in home sales compared to August 2014. However, average year-to-date home sale prices climbed 4.9 percent to $186,087.

All nine central Indiana counties F.C. Tucker tracks experienced varying declines of inventory. Hamilton County saw a 7.5 percent decline in inventory while the average year-to-date sale price for the county climbed 3.4 percent to $278,093.

  • In Noblesville, year-to-date home sale prices increased by 10.1 percent compared to the same time last year to $230,972.
  • Of the pended home sales in Noblesville last month, five were priced $500,000 to $999,999; 22 were priced $300,000 to $$499,999; 19 were priced $200,000 to $299,999; 44 were priced $100,000 to $199,999; and four were priced at $99,999 or less.
  • Inventory moved at a faster pace in Noblesville in August 2015. Overall, homes sold in 59 days – 18 days faster than this time last year.
  • Buyers in Noblesville had slightly fewer options available to them. Last month, 404 homes were available for sale, which were 30 fewer homes compared to August 2014.
  • Pended home sales have slipped in Noblesville. In August 2015, 94 homes sold – a decline of 44 homes compared to August 2014.

The residential real estate story in the Indianapolis area continues to be declining inventory and increasing prices, which is attractive for home sellers. Although we saw a slight decline in home sales in August, the overall trend is positive. Interest rates and unemployment remain low, and consumer confidence is relatively strong.

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Column: Trending towards a balanced market

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Central Indiana continues to trend towards a more balanced market as fewer homes become available and selling prices rise. For August 2015, Tucker’s data revealed an 11.1 percent decline in home sales compared to August 2014. However, average year-to-date home sale prices climbed 4.9 percent to $186,087.

All nine central Indiana counties F.C. Tucker tracks experienced varying declines of inventory. Boone County saw a 12 percent decline in inventory compared to August 2014. County data also revealed a 2.1 percent decrease in the average year-to-date sale price, now at $278,429, but still the highest in the nine-county area.

  • In Zionsville, year-to-date home sale prices dipped 2.5 percent compared to the same time last year to $377,364.
  • Of the pended home sales in Zionsville last month, six were priced $500,000 to $999,999; 11 were priced $300,000 to $499,999; seven were priced $200,000 to $299,999; and six were priced $100,000 to $199,999.
  • Inventory moved at a slightly slower pace in Zionsville in August 2015. Overall, homes sold in 77 days – four days slower than this time last year.
  • Buyers in Zionsville had slightly fewer options available to them. Last month, 199 homes were available for sale, which were 17 fewer homes compared to August 2014.
  • Pended home sales have slipped in Zionsville. In August 2015, 30 homes sold – a decline of 13 homes compared to August 2014.

The residential real estate story in the Indianapolis area continues to be declining inventory and increasing prices, which is attractive for home sellers. Although we saw a slight decline in home sales in August, the overall trend is positive. Interest rates and unemployment remain low, and consumer confidence is relatively strong.

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Column: Trending towards a balanced market

0

Central Indiana continues to trend towards a more balanced market as fewer homes become available and selling prices rise. For August 2015, Tucker’s data revealed an 11.1 percent decline in home sales compared to August 2014. However, average year-to-date home sale prices climbed 4.9 percent to $186,087.

All nine central Indiana counties F.C. Tucker tracks experienced varying declines of inventory. Hamilton County saw a 7.5 percent decline in inventory while the average year-to-date sale price for the county climbed 3.4 percent to $278,093.

  • In Carmel, the average year-to-date home sale price remained nearly level to this time last year, increasing a modest 0.5 percent to $351,087.
  • Of the pended home sales in Carmel last month, 16 were priced $500,000 to $999,999; 39 were priced $300,000 to $499,999; 40 were priced $200,000 to $299,999; 25 were priced $100,000 to $199,999; and one was priced at $99,999 or less.
  • Inventory moved at a slower pace in Carmel in August 2015. Overall, homes sold in 67 days – four more days than this time last year.
  • Buyers in Carmel had slightly fewer options available to them. Last month, 565 homes were available for sale, which were 18 fewer homes compared to August 2014.
  • Pended home sales have slipped in Carmel. In August 2015, 121 homes sold – a decline of 13 homes compared to August 2014.

The residential real estate story in the Indianapolis area continues to be declining inventory and increasing prices, which is attractive for home sellers. Although we saw a slight decline in home sales in August, the overall trend is positive. Interest rates and unemployment remain low, and consumer confidence is relatively strong.

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