Nationwide prices are increasing more quickly than incomes as buyers compete for the dwindling supply of available homes. The ongoing imbalance in the housing market could stifle sales in coming months.
Home sales are up 3 percent. Get the stats for the region, plus see what you can buy for $900,000 and what home sold for the most in the past three months.
For the first time in almost a decade, there’s a new group at No. 1 in the IBJ All-Star team ranking: Dennis Nottingham’s Indy Home Pros Team. Meanwhile, there’s a familiar name atop the list of solo agents.
The few areas in which McMansions are gaining value faster than more tasteful housing stock are primarily the Midwest and the eastern New York suburbs that make up Long Island.
A Zillow study found the median home value in Indianapolis is $130,000 this year and the supply of those homes is high. It also found it takes just 11 percent of a buyer’s monthly income to make the average mortgage payment.
The total number of active home listings in central Indiana was down 11.7 percent, from 12,878 a year ago to 11,377 at the end of last month.
Existing-home sales in central Indiana increased 5.4 percent in June and the average price rose to $203,913.
A low inventory of homes for sale is driving up prices to the point that many sellers are fielding multiple offers, some for even more than the list price, making it harder for appraisers to determine a fair market value.
Homebuilder Paul Estridge Jr. has been in discussions about acquiring the sprawling 106-acre property on Ditch Road, according to a source familiar with the deal.
Club directors chose to sell 12.5 acres to the Central Indiana Land Trust after considering an offer from a local developer who wanted to build homes on the property.
Housing Sales March 1 – May 31 MORE FROM IBJ Click here. The housing market is hot but the challenge is a lack of inventory, said F.C. Tucker Co. President Jim Litten. Currently, there are about 9,000 listings in central Indiana, although about 20 percent of those are under contract with an agent accepting […]
Locally, the number of homes flipped in 2015 jumped 9 percent from the previous year. Nationally, 2015 marked the first annual increase in the percentage of homes flipped following four straight years of decreases
Americans snapped up houses in May almost as soon as properties were listed, fueling the strongest sales rate in nearly a decade.
Existing-home sales in central Indiana jumped 18.6 percent in May as average sale prices ticked up and inventory dropped significantly.
Renters accounted for all of the 8 million-plus net households the United States added in the past decade. Home ownership has dipped to 63.5 percent, near a 48-year low.
Builder David Weekley Homes is launching the second phase of its 74-lot Residences at Lawrence Village project more quickly than expected.
Existing-home sales in central Indiana jumped 12.4 percent in April as average sale prices rose slightly and inventory dropped significantly.
Indianapolis-area residential builders filed 546 single-family construction permits in the nine-county area last month, their best April since 2007.
Heart surgeon John Pittman’s offspring have been feuding in court since September about how to handle real estate in Carmel and Zionsville.
Home closings in 13 central Indiana counties climbed 9.2 percent compared with the same month last year, while average sale prices rose 3.4 percent.
