Price Appreciation and Red-Hot Sales Activity Define Statewide
Market in November
(INDIANAPOLIS, IN) — Outpacing last year for the fourth straight month, Indiana existing-home sales are up 22.2 percent over last November. This data is found within the Indiana Real Estate Markets Report today released by the state’s REALTORS®.
Statewide year-over-year comparisons (November 2016 vs. November 2015) show:
- The number of pending home sales increased 4.2% to 5,615
- The percent of original list price received increased 1.1% to 94.9%
- 68 Average days on market through November
- The number of new listings increased 3.0% to 7,003
“The weather might be cooling off but the housing markets across Indiana are on fire,” said Shelbyville’s Nancy Smith, 2016 president of the Indiana Association of REALTORS®. “Contracts are being signed at a remarkable pace for this time of year, and we saw new listings increase this month for the first time since March. It’s a welcome sign more homeowners are considering this winter a good time to list given the buyer traffic we’re seeing in many markets.”