Indianapolis-area home sales jump as inventories tighten, prices rise
The total number of active home listings in the region plummeted 19.4 percent, from 8,489 at the end of February 2017 to just 6,845 at the end of last month.
The total number of active home listings in the region plummeted 19.4 percent, from 8,489 at the end of February 2017 to just 6,845 at the end of last month.
It was the busiest January for builders since 2007, according to figures reported Monday by the Builders Association of Greater Indianapolis.
Home sales of $1 million or more in the Indianapolis area have skyrocketed 143 percent since 2012. Last year, nearly 150 such homes were sold, compared to only 61 five years ago.
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.