Indiana Housing Markets Rally in August Despite Continued Inventory Concerns

November 1, 2017

Monthly Home Sales and Prices Up by Several Percentage Points Compared to Last Year

(INDIANAPOLIS, IN) — August tends to mark the waning of housing activity ahead of the school year, but August 2017 bucked that trend even despite continued inventory concerns. This according to the Indiana Real Estate Markets Report released by the state’s Realtors®. Statewide year-over-year comparisons (August 2017 vs. August 2016) show:

  • The number of pending home sales increased 2.2% to 8,077
  • The percent of original list price received increased by 0.5% to 96.1%
  • The number of new listings increased 3.5% to 10,764

“August showed us that demand for housing is still present across the state,” said Vallonia’s Cheryl Stuckwish, 2017 President of the Indiana Association of Realtors® (IAR). “We expect it to continue given that unemployment and mortgage rates have both been stable. Every local market has its unique challenges, but the whole of residential real estate is in good shape.”

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