Area home sales decline amid escalating prices, lower inventory
It was a rare off-month for the market, which has experienced year-over-year sales increases in 27 of the past 32 months.
It was a rare off-month for the market, which has experienced year-over-year sales increases in 27 of the past 32 months.
The district says that, to keep its main priority on the table—raising money for salary increases for teachers and staff—it made tradeoffs that could leave it financially vulnerable down the road.
Sales rebounded in July even though prices continued to rise and inventory continued to shrink.
Indiana-based Olthof Homes has filed plans to build 430 new homes in Westfield, including townhouses that would start at $150,000.
With less than two months until Election Day, the effort to pass two referendums to increase funding for Indianapolis Public Schools is gaining momentum.
Housing affordability is at a 10-year low, but home sales are still on the increase in central Indiana.
A new report from the Builders Association of Greater Indianapolis and MIBOR Realtor Association says builders have a long way to go if they want to keep up with the area’s future demand for new housing.
The political arm of Indiana’s largest teachers union is spending heavily on some of the candidates vying for seats on the board this November in the Indianapolis Public Schools board election.
Existing-home sales in central Indiana fell in September, the third month of declining sales out of the last seven, amid subpar home-buying conditions.
Sales and prices for existing homes were both on the rise in October in the 15-county area, according to the latest data from the MIBOR Realtor Association.
Average home prices continued to rise in November in the 15-county area amid tight inventories.
Higher prices, low inventories and climbing interest rates have all combined to slow growth in the market.
Would-be homebuyers are increasingly priced out of the market as years of climbing prices and strained inventories have made ownership too costly.
One encouraging sign for future months was pending home sales, which rose 17.1 percent in January.
Higher prices, low inventories and climbing interest rates have all combined to slow growth in the market. And colder-than-usual weather last month didn’t help.
Marion County, however, saw a 4.7 percent increase in closed home sales in March amid rising inventories.
On a year-to-date basis, sales of existing single-family homes are down 3.8 percent in the area, to 9,249.
On a year-to-date basis, closed sales of existing homes in the 16-county Indianapolis area are down 3%, to 12,731.
“Our area’s price points are not out of control” like other parts of the country, said Rachel Burt, a broker with F.C. Tucker.
Median home prices in central Indiana reached an all-time high in June amid tighter inventories and fewer new listings.