1. Existing home sales, September year-to-date, year-over-year change | -1.6% | -0.9% |
2. House price appreciation, 2018 Q2 to 2019 Q2 | 5.5% | 6.4% |
3. Residential building permits, September year-to-date, year-over-year change | 1.3% | 1.7% |
4. Foreclosure rate, 2019 Q2 | 0.9% | 1.2% |
5. Months supply of existing home inventory, September 2019 | 4.1 | 3.6 |
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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