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Average Sales Prices Are Increasing As Well - Up 7.8% In March Alone!

by The Worrell Group

Home prices continue to increase at a steady pace. The Median sales price increased 4.9 percent to $118,500 for the first quarter and jumped 8.5 percent in March.  Average sales price followed with a quarterly increase of 3.7 percent to $146,277 and a 7.8 percent increase in March to $153,660.

 

Spring Housing Market Is In Full Swing!

by The Worrell Group

First quarter housing numbers prove that buying and selling is a hot topic in central Indiana as closed and pending sales activity increased in double digit fashion. The March Monthly Indicators Report of BLC® listing service data released by MIBOR today shows that pending sales were up 14.5 in the first quarter of 2012 and up 8.6 percent in March alone.

Months supply of inventory was down 15.8 percent for the quarter to land at 7.8 months. Closed sales were also strong with units sold up 18.3 for the quarter and 10.1 percent in March alone.

 

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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