Area home sales barely rise amid fewer choices, rising prices
Existing-home sales in central Indiana ticked up only slightly in December as inventories continued to shrink and price tags remained on the rise.
Existing-home sales in central Indiana ticked up only slightly in December as inventories continued to shrink and price tags remained on the rise.
Area home builders in the nine-county area experienced their sixth straight year of rising sales.
The two brokerages sold a combined 1,671 homes in 2016 with a total value of $277 million.
The total number of active home listings in the region dropped 18.9 percent on a year-over-year basis at the end of November. New listings were down 5.5 percent.
Area home sales have risen on a year-over-year basis in 21 of the last 24 months.
Equicor Real Estate LLC’s plans call for 165 single-family homes to be constructed by CalAtlantic Homes of Indiana, as well as 98 senior apartments and 40 assisted-living units.
The housing market remains strong—and sales could surpass last year’s record—despite the low inventory of homes for sale, says F.C. Tucker President Jim Litten.
The total number of active central Indiana home listings dropped 12.9 percent, from 11,013 a year ago to 9,589 at the end of last month.
U.S. homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs.
Existing-home sales in central Indiana rose 3.7 percent in August despite rising prices and an ongoing decline in housing inventory.
King Park Development Corp. is partnering with two builders on the project, known as Monon16, to bring a mix of affordable and market-rate housing to the up-and-coming King Park area.
The tech entrepreneur officially has put his 24,400-square-foot mansion on the market while also planning to unload its contents at an estate sale next month.
The 27,000-square-foot home is expected to go on the market soon. But its furnishings and some of the tech guru’s belongings will be available at a September estate sale.
A new study shows that Indianapolis area home values have increased just 12.8 percent increase over a 15-year period. That’s less than in metro areas on the coasts and even some in the Midwest.
Inventory remains tight at just about 8,600 active listings in July, continuing a slight uptick through the summer.
See which solo real estate agents and which teams rack up the most home sales in central Indiana.
The total number of active home listings in the 13-county area dropped 15.6 percent in July. New listings were down 3 percent.
Home builders continued to see strong interest in new homes in central Indiana last month, according to the latest numbers from the Builders Association of Greater Indianapolis.
Sales have risen on a year-over-year basis in 18 of the last 20 months.
Home builders filed 653 single-family construction permits in the nine-county area in June—the busiest month since August 2007, when 722 permits were filed.