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Home Sales Rose 16 Percent In June

by The Worrell Group

Home-sale agreements in the nine-county Indianapolis area rose 16 percent in June compared with the same month a year ago, marking the second straight month of year-over-year increases after 14 months of declining sales.

The back-to-back increases were the first year-over-year rises in home-sale agreements since April 2010.  Sales agreements climbed to 1,967 last month, up from 1,694 in June 2010.

Marion County saw a 13-percent rise in June sales agreements from a year ago. Hamilton County deals rose 23 percent. Madison County saw a 33-percent increase.

Year-to-date sales prices are up 0.5 percent in 2010, from $147,257 to $148,030.

Pending Sales Are Improving

by The Worrell Group

The one-month numbers for May reveal encouraging pending activity with Pending Sales up 37.7 percent.  The result of May's strong pending activity will have a telling impact on the Months Supply of Inventory numbers when examined next Month.

Nationally, the interest rate dropped to 4.88 percent on a 30-year fixed conventional mortgage.

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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