August 5, 2015
At the half-way mark of 2015, housing well on the way of outperforming 2014
(Indianapolis, IN - Indiana Association of Realtors®) – The 9,080 homes sold statewide in June is a 16.5 percent increase from the same month of last year. This is according to the monthly Indiana Real Estate Markets Report today released by REALTORS®
The rest of the year-over-year comparison from the report shows housing outperformed June 2014 in all measures except inventory:
- The number of pending home sales increased 8.5% to 7,911
- The percent of original list price received increased 0.7% to 95.3%
- The average days on market through June was 93 days
- The inventory of homes for sale decreased 7.6 percent to 40,731
“It’s been nine years since we’ve seen activity and pricing at these levels,” said Bruce Bright, 2015 President of the Indiana Association of REALTORS®. “Despite a continued lack of inventory and increasing prices, consumers all across the state see the opportunities that low interest rates present and are confident about housing as an investment.”
The year-to-date comparison from the report shows that at the half-way mark of 2015, housing is well on the way of outperforming 2014.
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.