(INDIANAPOLIS, IN) – Indiana REALTORS® have closed the books on August, today releasing their summary of existing-home sales from the eighth month of 2019. Existing-homes include single-family, townhomes, condos, and co-ops.

The traditional statewide year-over-year comparisons - August 2019 vs August 2019 - show:

The number of pending homes increased 1.8% to 8,785
Average sales price of homes increased 8.0% to $204.090
The number of new listings decreased 1.4% to 10.899

“Existing-home prices increased at the statewide level again in August, making it 93 months in a row for such increases,” said 2019 IAR President Brian Thompson of Bloomington. “We owe it to low inventory, low interest rates, and low unemployment for these price gains, which are beneficial to homeowners and communities alike. There are simply not enough quality homes on the market to satisfy customer demand and the competition is driving prices up."

Going into the fourth quarter here is how 2019 is shaping up when compared to the same point of 2018 (Jan to Aug 2019 vs Jan to Aug 2018):

Closed home sales decreased 1.9 percent to 59,784
Median sales price of homes increased 6.3 percent to $169,000
Average sales price of homes increased 5.5 percent to $197,685
Percent of original list price at sale remained the same at 96.6%
The number of pending home sales decreased 0.3 percent to 65.013
The number of new listings decreased 1.9 percent to 77.793

The Indiana Association of REALTORS® partners with eight of the state's nine listing services to publish the monthly Indiana Real Estate Markets Report. The report represents 98% of the housing market statewide and 91 of 92 counties.

#Housing Data

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