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Spring Home Buyers Raise Indiana Home Sales to Highest level Since 2008
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You're Now Reading:
Spring Home Buyers Raise Indiana Home Sales to Highest level Since 2008
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Spring Home Buyers Raise Indiana Home Sales to Highest level Since 2008
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May 9, 2012 (Shirley Allen)

Spring home buying fever hit the state of Indiana in March as monthly and yearly sales of existing single-family homes and condominiums surged during the month, reaching their highest level since 2008 according to the latest housing data from the Indiana Association of Realtors® (IAR).

An estimated total of 5,170 existing single-family homes and condos were sold in the Hoosier State in March. That was 45.6 percent higher than the 3,551 homes sold in February and 12.4 percent higher than the 4,559 homes sold in March 2011. It was the largest amount of homes sold in the month of March since 2008.

The median sales price for an existing home in Indiana increased by 7.8 percent in March to $111,000, up from $103,000 in February, and was 5.7 percent higher than the median price of $105,000 in March of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “With buyers starting to jump into the marketplace, this year’s traditional selling season is shaping up to be the best we’ve seen in years. But, as we’ve repeatedly said, more Hoosiers must be working and they must be confident in their prolonged employment for 2012 to continue this steady progress that has taken hold.”

Of the 92 counties that provide data for the monthly report, fifty-four of the counties reported gains in home sales over the previous year with Clay County (+109.1 percent) reporting the largest increase among counties with 20 sales or more while Lawrence County (-34.4 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 847 home sales, up from 739 in March 2011, while Hamilton County followed with an estimated 386 closed sales for the month, up from 339 a year ago.

Year-over-year, fifty-two counties posted an increase in their median prices led by Miami County (+239.3 percent) with Wabash County (-45.6 percent) posting the largest decline in prices (minimum 20 sales).

The total number of homes available for sale increased in March with 44,638 homes actively available. That’s up from 40,171 in February and but still down from 48,395 in March of 2011.

The state had an average 9.0 months supply of homes available for purchase, unchanged from in February but down from a 10.2 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Indiana

Source:
IAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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May 9, 2012 (Shirley Allen)

Spring home buying fever hit the state of Indiana in March as monthly and yearly sales of existing single-family homes and condominiums surged during the month, reaching their highest level since 2008 according to the latest housing data from the Indiana Association of Realtors® (IAR).

An estimated total of 5,170 existing single-family homes and condos were sold in the Hoosier State in March. That was 45.6 percent higher than the 3,551 homes sold in February and 12.4 percent higher than the 4,559 homes sold in March 2011. It was the largest amount of homes sold in the month of March since 2008.

The median sales price for an existing home in Indiana increased by 7.8 percent in March to $111,000, up from $103,000 in February, and was 5.7 percent higher than the median price of $105,000 in March of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “With buyers starting to jump into the marketplace, this year’s traditional selling season is shaping up to be the best we’ve seen in years. But, as we’ve repeatedly said, more Hoosiers must be working and they must be confident in their prolonged employment for 2012 to continue this steady progress that has taken hold.”

Of the 92 counties that provide data for the monthly report, fifty-four of the counties reported gains in home sales over the previous year with Clay County (+109.1 percent) reporting the largest increase among counties with 20 sales or more while Lawrence County (-34.4 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 847 home sales, up from 739 in March 2011, while Hamilton County followed with an estimated 386 closed sales for the month, up from 339 a year ago.

Year-over-year, fifty-two counties posted an increase in their median prices led by Miami County (+239.3 percent) with Wabash County (-45.6 percent) posting the largest decline in prices (minimum 20 sales).

The total number of homes available for sale increased in March with 44,638 homes actively available. That’s up from 40,171 in February and but still down from 48,395 in March of 2011.

The state had an average 9.0 months supply of homes available for purchase, unchanged from in February but down from a 10.2 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Indiana

Source:
IAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

May 9, 2012 (Shirley Allen)

Spring home buying fever hit the state of Indiana in March as monthly and yearly sales of existing single-family homes and condominiums surged during the month, reaching their highest level since 2008 according to the latest housing data from the Indiana Association of Realtors® (IAR).

An estimated total of 5,170 existing single-family homes and condos were sold in the Hoosier State in March. That was 45.6 percent higher than the 3,551 homes sold in February and 12.4 percent higher than the 4,559 homes sold in March 2011. It was the largest amount of homes sold in the month of March since 2008.

The median sales price for an existing home in Indiana increased by 7.8 percent in March to $111,000, up from $103,000 in February, and was 5.7 percent higher than the median price of $105,000 in March of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “With buyers starting to jump into the marketplace, this year’s traditional selling season is shaping up to be the best we’ve seen in years. But, as we’ve repeatedly said, more Hoosiers must be working and they must be confident in their prolonged employment for 2012 to continue this steady progress that has taken hold.”

Of the 92 counties that provide data for the monthly report, fifty-four of the counties reported gains in home sales over the previous year with Clay County (+109.1 percent) reporting the largest increase among counties with 20 sales or more while Lawrence County (-34.4 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 847 home sales, up from 739 in March 2011, while Hamilton County followed with an estimated 386 closed sales for the month, up from 339 a year ago.

Year-over-year, fifty-two counties posted an increase in their median prices led by Miami County (+239.3 percent) with Wabash County (-45.6 percent) posting the largest decline in prices (minimum 20 sales).

The total number of homes available for sale increased in March with 44,638 homes actively available. That’s up from 40,171 in February and but still down from 48,395 in March of 2011.

The state had an average 9.0 months supply of homes available for purchase, unchanged from in February but down from a 10.2 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Indiana

Source:
IAR

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.