New Housing Year is off to an Encouraging Start

March 1, 2017

Indiana Home Sales and Prices Up Across the Board

(INDIANAPOLIS, IN) — Existing-home sales activity hurtled upward as buyers closed 4,521 transactions in January 2017, a 5.2 percent rise from a year ago. This is according to the Indiana Real Estat Markets Report today released by the state’s REALTORS®. Statewide year-over-year comparisons (January 2017 vs. January 2016) show:

  • The number of pending home sales increased 4.5% to 5,521
  • The percent of original list price received increased by 0.9% to 94.2%
  • 68 average days on market through January
  • The number of new listings decreased 1.0% to 6,998

“Buyers are out in force right now and facing stiff competition from other interested parties,” said Seymour’s Cheryl Stuckwish, the newly-installed 2017 president of the Indiana Association of REALTORS®. “If you are considering buying a home this year, making a move sooner rather than later could lead to substantial savings. Demand is high, and prices are following suit. “On-the-fence sellers who aren’t sure when they want to list should note the strong buyer demand and positive job creation happening now,” Stuckwish continued. “After all, stable incomes lead to flourishing housing markets because people need good paying jobs to buy homes.”

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