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Third Quarter Stats Are Up Nicely!

by The Worrell Group

By all measures, the third quarter provided the brightest picture of the year for central Indiana’s housing consumers. According to the latest MIBOR Monthly Indicators Report of Broker Listing Cooperative® data released today, pending and closed sales as well as median and average sales price rose in the July through September comparisons of 2011 to 2010.

Closed sales were up 24.1 percent in the third quarter compared to the same time period last year. Both Median and average sales Prices rose 4.1 percent in the quarter, consistent with the price stability seen all year. New listings were down 15 percent in the 3rd quarter which helped to bring inventory levels down 7.7 percent. Months of supply of inventory is still high at 9.9 months for the quarter.

Monthly numbers are encouraging as well. For the month of September only, closed sales increased 11.1 percent over September 2010. Price increases were more robust with a 9.5 percent increase in median sales price in September with average sales price up 8.8 for the month. Pending sales for September were down 5.5 percent over last year.


 

Indiana one of the Top 10 U.S. areas with rising real estate prices

by The Worrell Group

Home prices increased in 12 states and Washington, D.C., on a year-over-year basis in August, according to a home-price report released this week by property data firm CoreLogic.

West Virginia led all states with an 8.6 percent rise in home prices, followed by Wyoming at 3.6 percent, and North Dakota at 3.5 percent. The CoreLogic Home Price Index tracks price changes in repeat sales of homes.

CoreLogic August Home Price Index (year-over-year change)

 

 

State/district All single-family Excluding distressed sales
West Virginia  8.6% 10.7%
Wyoming  3.6% 2.4%
North Dakota  3.5% 4.2%
New York  3.2% 3.6%
Alaska  2.2% 3.1%
South Dakota  1.5% 0.6%
Washington, D.C.  1.3% 1%
Nebraska  1.1% 1.1%
Kansas  1% 3.7%
Indiana  0.8% 2.2%

 

Source: CoreLogic August Home Price Index. 

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The Randy Worrell Team
RE/MAX Legends Group
5645 Castle Creek Pkwy N
Indianapolis IN 46250
Direct: 317-819-3330
Voicemail: 317-644-0086

Randy Worrell  -  RE/MAX Legends Group       317-819-3330  Direct       317-590-5709  Mobile