Friday, January 24, 2020

Indiana Real Estate News you Can Use!



1. Existing home sales, September year-to-date, year-over-year change-1.6%-0.9%
2. House price appreciation, 2018 Q2 to 2019 Q25.5%6.4%
3. Residential building permits, September year-to-date, year-over-year change1.3%1.7%
4. Foreclosure rate, 2019 Q20.9%1.2%
5. Months supply of existing home inventory, September 20194.13.6
Source: Indiana Association of Realtors, National Association of Realtors, Federal Housing Finance Administration, U.S. Census Bureau and the Mortgage Bankers Association
                                            First column is the USA, 2nd Column is Indiana
      1. Low Inventory out there in Indiana has slowed Home Sales.
      2. Low Inventory is causing prices to rise higher than the                                                                  national average.
      3. More new construction.
      4. Indiana has more foreclosures than the national average,
      5. A 3.6 month supply of homes makes it an ideal Sellers Market.


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