February 1, 2017
(INDIANAPOLIS, IN) — In 2016, 86,455 single-family homes were sold in Indiana, which translates into an 8.1 percent rise in contract signings over 2015 (6,211 more). This data is found within the Indiana Real Estate Markets Report today released by the state’s REALTORS®.
Other statewide year-end comparisons (2016 vs. 2015) show:
- The number of pending home sales increased 4.9% to 86,455
- The percent of original list price received increased 1.0% to 95.2%
- 89 Average days on market through December
- The number of new listings decreased 3.6% to 111,201
“Statewide closed transactions and home prices were better each month of 2016 than the year before, while the year as a whole topped the last two years,” said Shelbyville’s Nancy Smith, 2016 president of the Indiana Association of REALTORS®. “Although as inventory remains tight and buyers are waiting to jump into the marketplace, pending sales for the month are down a bit compared to the prior year. Unemployment fell in 2016; and, with home values expected to rise as the year goes on, many view the first few months of 2017 as an opportune time to close on a home.”