Central Indiana existing-home sales slipped slightly last month
Prior to November, area sales had risen in four of the previous seven months on a year-over-year basis following a 26-month streak of declining sales.
Home Sales
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Central Indiana snaps 26-month streak of falling home sales
After more than two years of declining existing-home sales, central Indiana finally saw a positive month in April.
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Sales of existing homes in central Indiana slip for 26th straight month
The exceptions to the trend were Boone and Hendricks counties, where closed sales increased 24.1% and 9.8% over March 2023.
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Sales of existing homes in central Indiana slip for 25th straight month
Sales in the 16-county area decreased in February amid higher prices and a declining inventory.
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Area home construction permit filings rise for 5th straight month
Hamilton, Johnson and Marion counties saw huge surges in single-family building permit filings in November.
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Articles
Central Indiana existing-home sales rise for third time in past six months
Declining mortgage rates and more inventory led to a positive month for existing-home sales in central Indiana in September, according to the latest data from the MIBOR Realtor Association.
Central Indiana existing-home sales see 6.8% August decline
After experiencing a rare month of rising transactions in July, central Indiana saw another down month for existing-home sales last month, according to the latest data from the MIBOR Realtor Association.
Central Indiana existing-home sales rise for second time in last 30 months
Closed existing-home sales in the 16-county area climbed 3.4% from July 2023 to July 2024, according to the latest data from the MIBOR Realtor Association.
Central Indiana home sales sink 12% amid higher prices
Closed sales in the Indianapolis area have fallen in 28 of the past 29 months on a year-over-year basis.
Central Indiana home sales sink again amid higher prices
Closed existing-home sales in the 16-county area have fallen in 27 of the last 28 months.
Giving a ‘hand up’: Special purpose credit programs gain traction with local lenders
SPCS is a tool that a growing number of lenders are adopting to help improve credit access for underserved groups.
They have been around since the 1970s, but they’ve recently become a lot more popular.
Sales of existing homes in central Indiana reach two-year slump
Sales of existing homes in central Indiana have fallen for 24 straight months on a year-over-year basis., but the market showed signs of improvement in January amid a small decline in mortgage rates.
Housing affordability near record low hits Black buyers particularly hard
Almost half of Black home buyers in 2022 were first-time buyers, and newcomers haven’t benefited from the rising home equity that could help defray swelling sale prices and lending costs.
Last year was slowest for U.S. home sales in nearly 30 as high mortgage rates frustrated buyers
The sharply higher home loan borrowing costs limited home hunters’ buying power on top of years of soaring prices. A dearth of homes for sale also kept many would-be homebuyers and sellers on the sidelines.
Sales of existing homes in Indy area slumped 18% in 2023
Mortgage rates escalated for the first 10 months of last year. No surprise: Existing-home sales in the 16-county area dropped from 35,876 in 2022 to 29,483 in 2023.
Average long-term mortgage rates rise again, reaching their highest level in 4 weeks
The average rate on a 30-year mortgage rose to 6.66% from 6.62% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.33%.
Homebuilders step up construction as 30-year mortgage rate eases
Another incentive for builders: The inventory of previously occupied homes for sale is likely to remain tight because many homeowners have locked in low mortgage rates.
Sales of existing homes in central Indiana see steep November decline
Closed sales in the area have fallen for 22 straight months on a year-over-year basis, but prices are still on the rise.
Area home construction permit filings rise for 4th month in row
Six of the area’s nine counties saw a year-over-year increase in single-family building permit filings in October.
U.S. home sales slumped to slowest pace in more than 13 years in October
Surging mortgage rates and rising prices are keeping many prospective homebuyers on the sidelines.
Sales of existing homes in Indy area fall for 21st consecutive month
Meanwhile, the median sales price for a house in the 16-county area in October jumped 3.9%, to $299,000, from the same month a year ago.
Jury awards $1.8 billion in Realtor case, finds groups conspired to inflate commissions
The decision involves a sale’s commission, which hovers around 5% to 6% of the home sale price and is paid by the home seller both to the sellers agent and the buyers agent.
Prices for existing central Indiana homes still rising amid sinking sales
Sales of existing homes in the 16-county area have fallen for 20 straight months.
Central Indiana existing-home sales fall for 19th straight month
Existing homes in the 16-county area are spending much more time on the market than a year ago, from an average of 22 days in August 2022 to 31 days last month.