Q3 2015 Market Momentum Pulls Year Well Ahead of 2014

November 9, 2015

Post-Summer Selling Season Off to Stronger Start than Last Year

(INDIANAPOLIS, IN) – At the end of Q3 2015, there were 4,757 more homes sold statewide than at the same point in time last year—an 8.4 percent increase. This is according to the monthly Indiana Real Estate Markets Report today released by the state’s REALTORS®. The typical year-over-year findings from the report show that statewide, when comparing September 2015 to September 2014:

  • The number of pending home sales increased 11.3% to 6,909
  • The percent of original list price received increased .6% to 94.4%
  • Average days on market through September was 95 days
  • The number of new listings decreased 5.9% to 9,332

“We expect to be heading into the usual seasonal drop-off,” said Brownsburg’s Bruce Bright, 2015 President of the Indiana Association of REALTORS®. “But right now, Indiana’s economy is ranked No. 8 for business climate and No. 12 for job creation in the nation. The Hoosier State’s strong economic position—plus ultra-low borrowing rates—may help soften blows to housing activity linked with the cold season.”

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.

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