Indiana Housing Market 1 2 3 TRACKER 4 7 5 6 9 8 - …...Pending home sales 2,537 2,291 -9.7% New...
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Indiana Housing Market 2018 Quarter 1 2019 Quarter 1 Percent Change Closed home sales 1,707 1,485 -13.0% Median sale price $128,500 $135,000 5.1% Average sale price $147,763 $157,345 6.5% Pending home sales 2,537 2,291 -9.7% New listings 2,252 1,912 -15.1% Representative Jim Banks Closed Home Sales Average Sale Price Indiana Home Sales Comparison TRACKER Closed Home Sales Average Sale Price 2018 Quarter 1 2019 Quarter 1 Percent Change 2018 Quarter 1 2019 Quarter 1 Percent Change Indiana 15,965 13,868 -13.1% $164,565 $171,290 4.1% District 3 1,707 1,485 -13.0% $147,763 $157,345 6.5% Congressional District 3 First Quarter Home Sales 8 4 6 9 3 2 5 1 7 REALTOR ® Contact: Tom Rayl 260.341.5220 call or text [email protected] IAR Staff Contacts: Maggie McShane Senior Vice President of Government Affairs 317.408.3896 call or text [email protected] Karl Berron Chief Executive Officer 317.440.0245 call or text [email protected] The Indiana Housing Market Tracker is a research tool provided by the Indiana Association of REALTORS ® (IAR) and the Indiana Business Research Center. Data is obtained from participating Multiple Listing Services and Broker Listing Cooperatives ® . The Indiana Association of REALTORS ® represents more than 17,500 members who are involved in virtually all aspects related to the sale, purchase, exchange, or lease of real property in the state. The term REALTOR® is a registered mark that identifies a real estate professional who is a member of the America’s largest trade association, the National Association of REALTORS ® , and subscribes to its strict Code of Ethics. Note: Data for this report is preliminary and is collected by geo-coding of MLS/BLC listings. As such, statistics may not be identical to those published in the Indiana Real Estate Market Reports. However, statistics herein are representative of market conditions. 88 months in a row as of March 2019. That’s how long the sales price of existing-homes in Indiana has increased year-over- year. However, the number of home sales across the state is down about three percent for the year (Q1 2019 vs. Q1 2018). REALTORS ® expect market conditions to continue until the pace of new home construction picks up and satisfies the high demand of Hoosiers. Low interest rates, robust employment, and wage growth remain key to healthy housing markets, as well. 0 500 1,000 1,500 2,000 2,500 3,000 Closed Sales Four-Quarter Moving Average 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 $50 $70 $90 $110 $130 $150 $170 $190 Average Sale Price Four-Quarter Moving Average Average Home Sale Price in Thousands 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Transcript of Indiana Housing Market 1 2 3 TRACKER 4 7 5 6 9 8 - …...Pending home sales 2,537 2,291 -9.7% New...
Indiana Housing Market
2018 Quarter 1 2019 Quarter 1 Percent Change
Closed home sales 1,707 1,485 -13.0%
Median sale price $128,500 $135,000 5.1%
Average sale price $147,763 $157,345 6.5%
Pending home sales 2,537 2,291 -9.7%
New listings 2,252 1,912 -15.1%
RepresentativeJim Banks
Closed Home Sales Average Sale Price
Indiana Home Sales Comparison
T R A C K E R
Closed Home Sales Average Sale Price
2018 Quarter 1 2019 Quarter 1 Percent Change 2018 Quarter 1 2019 Quarter 1 Percent Change
Indiana 15,965 13,868 -13.1% $164,565 $171,290 4.1%
District 3 1,707 1,485 -13.0% $147,763 $157,345 6.5%
Congressional District 3 First Quarter Home Sales
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REALTOR® Contact: Tom Rayl260.341.5220 call or text [email protected]
IAR Staff Contacts: Maggie McShaneSenior Vice President of Government Affairs317.408.3896 call or text [email protected]
Karl BerronChief Executive Officer317.440.0245 call or text [email protected]
The Indiana Housing Market Tracker is a research tool provided by the Indiana Association of REALTORS® (IAR) and the Indiana Business Research Center. Data is obtained from participatingMultiple Listing Services and Broker Listing Cooperatives®.
The Indiana Association of REALTORS® represents more than 17,500 members who are involved in virtually all aspects related to the sale, purchase, exchange, or lease of real property in the state. The term REALTOR® is a registered mark that identifies a real estate professional who is a member of the America’s largest trade association, the National Association of REALTORS®, and subscribes to its strict Code of Ethics.
Note: Data for this report is preliminary and is collected by geo-coding of MLS/BLC listings. As such, statistics may not be identical to those published in the Indiana Real Estate Market Reports. However, statistics herein are representative of market conditions.
88 months in a row as of March 2019. That’s how long the sales price of existing-homes in Indiana has increased year-over-year. However, the number of home sales across the state is down about three percent for the year (Q1 2019 vs. Q1 2018). REALTORS® expect market conditions to continue until the pace of new home construction picks up and satisfies the high demand of Hoosiers. Low interest rates, robust employment, and wage growth remain key to healthy housing markets, as well.
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