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Monthly Home Sales in Indiana Fall for the First Time in Eight Months
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Monthly Home Sales in Indiana Fall for the First Time in Eight Months
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Receive Multiple Offers. Save Money.
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Monthly Home Sales in Indiana Fall for the First Time in Eight Months
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September 18, 2012 (Jeff Alan)

Monthly home sales fell for the first time in eight months during July in Indiana according to the latest housing data from the Indiana Association of Realtors® (IAR) but still beat last year’s tally by over 800 sales.

An estimated total of 6,370 existing single-family homes and condos were sold in the Hoosier State in July. That was 5.6 percent lower than the 6,750 homes sold in June but still 14.4 percent higher than the 5,569 homes sold in July 2011.

Through the end of July, home sales in Indiana are 14.2 percent higher than during the same time period last year and have increased year-over-year for 13 consecutive months.

The median sales price for an existing home in Indiana fell by 0.8 percent in July to $123,000, down from $124,000 in June, but was 2.5 percent higher than the median price of $120,000 in July of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “July was a great month in residential real estate. With regard to closed sales, last month was actually the thirteenth consecutive month of year-over-year increases and put 2012 one step closer to surpassing years in which a federal home buyer tax credit was available. With regard to home prices, July put values back to levels not seen since the housing downturn began.”

Of the 92 counties that provide data for the monthly report, sixty-five of the counties reported gains in home sales over the previous year or were unchanged with Lagrange County (+94.1 percent) reporting the largest increase among counties with 20 sales or more while Vigo County (-23.1 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 955 home sales, down from 1,103 in July 2011, while Hamilton County followed with an estimated 563 closed sales for the month, down from 616 a year ago.

Year-over-year, fifty-three counties posted an increase in their median prices led by Jefferson County (+54.4 percent) with Henry County (-34.7 percent) posting the largest decline in prices in counties that had a minimum of 20 sales.

The total number of homes for sale remained relatively stable in July with 48,175 homes actively available. That’s up from 48,131 in June and but still down from 52,087 in July of 2011.

The state had an average 9.2 months supply of homes available for purchase, down slightly from a 9.3 month’s supply in June and down from an 11.4 months supply a year earlier.

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

Source:
IAR

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September 18, 2012 (Jeff Alan)

Monthly home sales fell for the first time in eight months during July in Indiana according to the latest housing data from the Indiana Association of Realtors® (IAR) but still beat last year’s tally by over 800 sales.

An estimated total of 6,370 existing single-family homes and condos were sold in the Hoosier State in July. That was 5.6 percent lower than the 6,750 homes sold in June but still 14.4 percent higher than the 5,569 homes sold in July 2011.

Through the end of July, home sales in Indiana are 14.2 percent higher than during the same time period last year and have increased year-over-year for 13 consecutive months.

The median sales price for an existing home in Indiana fell by 0.8 percent in July to $123,000, down from $124,000 in June, but was 2.5 percent higher than the median price of $120,000 in July of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “July was a great month in residential real estate. With regard to closed sales, last month was actually the thirteenth consecutive month of year-over-year increases and put 2012 one step closer to surpassing years in which a federal home buyer tax credit was available. With regard to home prices, July put values back to levels not seen since the housing downturn began.”

Of the 92 counties that provide data for the monthly report, sixty-five of the counties reported gains in home sales over the previous year or were unchanged with Lagrange County (+94.1 percent) reporting the largest increase among counties with 20 sales or more while Vigo County (-23.1 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 955 home sales, down from 1,103 in July 2011, while Hamilton County followed with an estimated 563 closed sales for the month, down from 616 a year ago.

Year-over-year, fifty-three counties posted an increase in their median prices led by Jefferson County (+54.4 percent) with Henry County (-34.7 percent) posting the largest decline in prices in counties that had a minimum of 20 sales.

The total number of homes for sale remained relatively stable in July with 48,175 homes actively available. That’s up from 48,131 in June and but still down from 52,087 in July of 2011.

The state had an average 9.2 months supply of homes available for purchase, down slightly from a 9.3 month’s supply in June and down from an 11.4 months supply a year earlier.

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

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
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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
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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.

September 18, 2012 (Jeff Alan)

Monthly home sales fell for the first time in eight months during July in Indiana according to the latest housing data from the Indiana Association of Realtors® (IAR) but still beat last year’s tally by over 800 sales.

An estimated total of 6,370 existing single-family homes and condos were sold in the Hoosier State in July. That was 5.6 percent lower than the 6,750 homes sold in June but still 14.4 percent higher than the 5,569 homes sold in July 2011.

Through the end of July, home sales in Indiana are 14.2 percent higher than during the same time period last year and have increased year-over-year for 13 consecutive months.

The median sales price for an existing home in Indiana fell by 0.8 percent in July to $123,000, down from $124,000 in June, but was 2.5 percent higher than the median price of $120,000 in July of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “July was a great month in residential real estate. With regard to closed sales, last month was actually the thirteenth consecutive month of year-over-year increases and put 2012 one step closer to surpassing years in which a federal home buyer tax credit was available. With regard to home prices, July put values back to levels not seen since the housing downturn began.”

Of the 92 counties that provide data for the monthly report, sixty-five of the counties reported gains in home sales over the previous year or were unchanged with Lagrange County (+94.1 percent) reporting the largest increase among counties with 20 sales or more while Vigo County (-23.1 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 955 home sales, down from 1,103 in July 2011, while Hamilton County followed with an estimated 563 closed sales for the month, down from 616 a year ago.

Year-over-year, fifty-three counties posted an increase in their median prices led by Jefferson County (+54.4 percent) with Henry County (-34.7 percent) posting the largest decline in prices in counties that had a minimum of 20 sales.

The total number of homes for sale remained relatively stable in July with 48,175 homes actively available. That’s up from 48,131 in June and but still down from 52,087 in July of 2011.

The state had an average 9.2 months supply of homes available for purchase, down slightly from a 9.3 month’s supply in June and down from an 11.4 months supply a year earlier.

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

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.