July 2015 Indiana Housing Data/Statistics/Information: Are You Asking "How Much is My Indianapolis House Worth?"

by Lisa Treadwell

Yes, it's absolutely true. The seller's market for homes continues across Indianapolis, Central Indiana, and all of the state. Bottom line? If you're contemplating whether or not to sell a house, this is clearly an ideal time.

How Much is Your Indianapolis House Worth? Contact Us for an Analysis

"The latest Indiana Real Estate Markets Report shows July 2015 outperformed last July in all but one category," writes the Indiana Association of REALTORS.

• Median sale price of homes increased 6.1 percent to $140,000.
• Average sale price increased 7.1 percent to $170,274.
• Percentage of original list price received increased 0.3 percent to 94.9 percent.
• Pending home sales increased 5.9 percent to 7,459.
• Closed home sales increased 8.6 percent to 8,476.
• Number of new listings decreased 6.2 percent to 11,188.

Hamilton County July 2015 Local Market Update

Have Questions About Buying or Selling a House in Central Indiana?

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“Low mortgage rates are empowering consumers across the state to invest in housing,” said Bruce Bright, 2015 President of the Indiana Association of REALTORS®. “It’s a great time to be a seller. Despite fewer listings and rising prices, buyer demand is not letting up. Low inventory means buyers have to move fast when they find the right home."

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{Infographic} Indianapolis, Indiana: Fannie Mae Housing Forecast 2013-2014

Fannie Mae recently released their anticipated housing forecast for Indianapolis, Indiana and the entire U.S. This 12-month forecast ranges from August of 2013 through August of 2014 and shows a robust home sales outlook over the next year. It also includes a look at the previous 12 months of action, back to the third quarter of 2012.

The number of homes sold will increase nicely and the average price of those homes will also rise. However, mortgage rates will also jump significantly. 

Contact Me for Advice on Buying or Selling an Indianapolis House

So if you've been considering selling your Indiana house, now would clearly be the time to begin heavily investigating the possibility of such and finding the right REALTOR for your needs. 

At the same time, if you've been considering buying an Indianapolis-area house, now is the time to do so before the mortgage rates move even higher.

Whether you're a buyer or seller, my team of Indy Real Estate Experts stand ready to help. Contact me for a no-obligation discussion of your situation. I'll provide a free market analysis and happily offer advice!

Broad Ripple House for Sale: 2131 Douglas Road, Indianapolis, IN, 46220