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

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, 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.


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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.


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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.


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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.


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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.


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