Column: July numbers show fewer homes on the market, some increase in home prices

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In the 14-county region F.C. Tucker tracks, approximately 10,000 homes were on the market in July, a 16.5 percent drop, or approximately 2,000 fewer homes for sale, compared to July 2015. Although July 2016 saw fewer pended sales than July 2016, year-to-date sales are still ahead of last year by 3 percent. And average home prices continue to inch upwards, now 1.3 percent ahead of 2015.

In July, Hamilton County had 1,897 active listings, a decrease of 5 percent from this time last year. Pended sales also declined 8.2 percent in July, but sales remained consistent with 2015. The average sales price also rose 1.8 percent, now at $282,131.

  • In Westfield, the average year-to-date home sales price increased 1.9 percent to $299,354.
  • Inventory moved at a slower pace in Westfield in July 2016. Overall, homes sold in 52 days – seven more days than this time last year.
  • Buyers in Westfield had fewer options available. Last month, 253 homes were available for sale – three fewer homes compared to July 2015.
  • Pended home sales increased in Westfield. In July 2016, 83 homes sold – an increase of eight homes compared to July 2015.
  • Of the pended home sales in Westfield last month, four were priced $1,000,000 to $1,999,999; four were priced $500,000 to $999,999; 26 were priced $300,000 to $499,999; 28 were priced $200,000 to $299,999; and 21 were priced $100,000 to $199,999.

We’re seeing the effects of low inventory throughout central Indiana. Low inventory affects affordability, which is a crucial part of the housing market. When more affordable homes proliferate throughout the market, then we’ll see more positive gains for everyone overall.

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Column: July numbers show fewer homes on the market, some increase in home prices

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In the 14-county region F.C. Tucker tracks, approximately 10,000 homes were on the market in July, a 16.5 percent drop, or approximately 2,000 fewer homes for sale, compared to July 2015. Although July 2016 saw fewer pended sales than July 2016, year-to-date sales are still ahead of last year by 3 percent. And average home prices continue to inch upwards, now 1.3 percent ahead of 2015.

In July, Boone County had 383 active listings, a decrease of 9 percent from this time last year. Pended sales also declined 2.8 percent in July, but year-to-date sales climbed ahead by 8.7 percent. The average sales price also rose 3.1 percent, now at $290,019.

  • In Zionsville, the average year-to-date home sales price increased 3.3 percent to $396,803.
  • Inventory moved at a slower pace in Zionsville in July 2016. Overall, homes sold in 80 days – 17 more days than this time last year.
  • Buyers in Zionsville had approximately the same amount of options available to them. Last month, 195 homes were available for sale – two more homes compared to July 2015.
  • Pended home sales decreased in Zionsville. In July 2016, 50 homes sold – a decrease of seven homes compared to July 2015.
  • Of the pended home sales in Zionsville last month, three were priced $500,000 to $999,999; 28 were priced $300,000 to $499,999; 11 were priced $200,000 to $299,999; and eight were priced $100,000 to $199,999.

We’re seeing the effects of low inventory throughout central Indiana. Low inventory affects affordability, which is a crucial part of the housing market. When more affordable homes proliferate throughout the market, then we’ll see more positive gains for everyone overall.

Share.

Column July numbers show fewer homes on the market, some increase in home prices

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Commentary by Jim Litten

In the 14-county region F.C. Tucker tracks, approximately 10,000 homes were on the market in July, a 16.5 percent drop, or approximately 2,000 fewer homes for sale, compared to July 2015. Although July 2016 saw fewer pended sales than July 2016, year-to-date sales are still ahead of last year by 3 percent. And average home prices continue to inch upwards, now 1.3 percent ahead of 2015.

In July, Hamilton County had 1,897 active listings, a decrease of 5 percent from this time last year. Pended sales also declined 8.2 percent in July, but sales remained consistent with 2015. The average sales price also rose 1.8 percent, now at $282,131.

  • In Noblesville, the average year-to-date home sales price increased 1.2 percent to $233,621.
  • Inventory moved at a slightly faster pace in Noblesville in July 2016. Overall, homes sold in 53 days – four fewer days than this time last year.
  • Buyers in Noblesville had fewer options available. Last month, 306 homes were available for sale – 102 fewer homes compared to July 2015.
  • Pended home sales declined in Noblesville. In July 2016, 88 homes sold – a decrease of 21 homes compared to July 2015.
  • Of the pended home sales in Noblesville last month, four were priced $500,000 to $999,999; 12 were priced $300,000 to $499,999; 24 were priced $200,000 to $299,999; 46 were priced $100,000 to $199,999; and two were priced below $99,999.

We’re seeing the effects of low inventory throughout central Indiana. Low inventory affects affordability, which is a crucial part of the housing market. When more affordable homes proliferate throughout the market, then we’ll see more positive gains for everyone overall.

Share.

Column: July numbers show fewer homes on the market, some increase in home prices

0

In the 14-county region F.C. Tucker tracks, approximately 10,000 homes were on the market in July, a 16.5 percent drop, or approximately 2,000 fewer homes for sale, compared to July 2015. Although July 2016 saw fewer pended sales than July 2016, year-to-date sales are still ahead of last year by 3 percent. And average home prices continue to inch upwards, now 1.3 percent ahead of 2015.

In July, Hamilton County had 1,897 active listings, a decrease of 5 percent from this time last year. Pended sales also declined 8.2 percent in July, but sales remained consistent with 2015. The average sales price also rose 1.8 percent, now at $282,131.

  • In Fishers/Geist, the average year-to-date home sales price increased 1.8 percent to $263,927.
  • Inventory moved at a slightly slower pace in Fishers/Geist in July 2016. Overall, homes sold in 49 days – three more days than this time last year.
  • Buyers in Fishers/Geist had more options available. Last month, 605 homes were available for sale – 60 more homes compared to July 2015.
  • Pended home sales declined in Fishers/Geist. In July 2016, 169 homes sold – a decrease of 25 homes compared to July 2015.
  • Of the pended home sales in Fishers/Geist last month, one was priced $1,000,000 to $1,999,999; 13 were priced $500,000 to $999,999; 32 were priced $300,000 to $499,999; 57 were priced $200,000 to $299,999; 62 were priced $100,000 to $199,999; and four were priced below $99,999.

We’re seeing the effects of low inventory throughout central Indiana. Low inventory affects affordability, which is a crucial part of the housing market. When more affordable homes proliferate throughout the market, then we’ll see more positive gains for everyone overall.

Share.

Column: July numbers show fewer homes on the market, some increase in home prices

0

In the 14-county region F.C. Tucker tracks, approximately 10,000 homes were on the market in July, a 16.5 percent drop, or approximately 2,000 fewer homes for sale, compared to July 2015. Although July 2016 saw fewer pended sales than July 2016, year-to-date sales are still ahead of last year by 3 percent. And average home prices continue to inch upwards, now 1.3 percent ahead of 2015.

In July, Hamilton County had 1,897 active listings, a decrease of 5 percent from this time last year. Pended sales also declined 8.2 percent in July, but sales remained consistent with 2015. The average sales price also rose 1.8 percent, now at $282,131.

  • In Carmel, the average year-to-date home sales price increased 1.0 percent to $354,151.
  • Inventory moved at a faster pace in Carmel in July 2016. Overall, homes sold in 51 days – 13 fewer days than this time last year.
  • Buyers in Carmel had fewer options available. Last month, 590 homes were available for sale – 19 fewer homes compared to July 2015.
  • Pended home sales have grown in Carmel. In July 2016, 142 homes sold – an increase of 20 homes compared to July 2015.
  • Of the pended home sales in Carmel last month, two were priced $1,000,000 to $1,999,999; 23 were priced $500,000 to $999,999; 55 were priced $300,000 to $499,999; 40 were priced $200,000 to $299,999; and 22 were priced $100,000 to $199,999.

We’re seeing the effects of low inventory throughout central Indiana. Low inventory affects affordability, which is a crucial part of the housing market. When more affordable homes proliferate throughout the market, then we’ll see more positive gains for everyone overall.

Share.

Column: July numbers show fewer homes on the market, some increase in home prices

0

Commentary by Jim Litten

In the 14-county region F.C. Tucker tracks, approximately 10,000 homes were on the market in July, a 16.5 percent drop, or approximately 2,000 fewer homes for sale, compared to July 2015. Although July 2016 saw fewer pended sales than July 2016, year-to-date sales are still ahead of last year by 3 percent. And average home prices continue to inch upwards, now 1.3 percent ahead of 2015.

In July, Hamilton County had 1,897 active listings, a decrease of 5 percent from this time last year. Pended sales also declined 8.2 percent in July, but sales remained consistent with 2015. The average sales price also rose 1.8 percent, now at $282,131.

  • In Fishers/Geist, the average year-to-date home sales price increased 1.8 percent to $263,927.
  • Inventory moved at a slightly slower pace in Fishers/Geist in July 2016. Overall, homes sold in 49 days – three more days than this time last year.
  • Buyers in Fishers/Geist had more options available. Last month, 605 homes were available for sale – 60 more homes compared to July 2015.
  • Pended home sales declined in Fishers/Geist. In July 2016, 169 homes sold – a decrease of 25 homes compared to July 2015.
  • Of the pended home sales in Fishers/Geist last month, one was priced $1,000,000 to $1,999,999; 13 were priced $500,000 to $999,999; 32 were priced $300,000 to $499,999; 57 were priced $200,000 to $299,999; 62 were priced $100,000 to $199,999; and four were priced below $99,999.

We’re seeing the effects of low inventory throughout central Indiana. Low inventory affects affordability, which is a crucial part of the housing market. When more affordable homes proliferate throughout the market, then we’ll see more positive gains for everyone overall.

Share.
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