Central Indiana Home Sales and Prices Soar in Second Quarter
Number of homes sold up 23 percent from April through June 2013 compared to 2012.
August 07, 2013 // Franchising.com // CARMEL, IND. - According to the latest housing data compiled by RE/MAX of Indiana, the Central Indiana real estate market continued to strengthen from April through June 2013. The area reported a 23.17 percent increase in homes sold during the second quarter with 15,232 homes sold, compared to the same time last year with 12,367 homes sold.
Go to: http://www.youtube.com/watch?v=UNpl1To4eDA&feature=c4-overview&list=UUy6xJsfyRm29Pjw05pCQgsw to Watch the latest RE/MAX of Indiana
Hoosier Housing Report video – showcasing 2013 Q2 data for the Central Indiana housing market.
Go to: http://content.remax-indiana.com/media/downloads/remaxin/20130806112402.pdf to Read the latest RE/MAX of Indiana Hoosier Housing Report, complete with graphs and figures for the Central Indiana housing market.
Johnson County was reported as having the most significant year-over-year increase in the number of homes sold, with 41.38 percent, followed by Shelby (28.27 percent), Hendricks (28.20 percent), Hamilton (28.13 percent), Morgan (25.53 percent), Boone (24.10 percent), Hancock (22.09 percent), Madison (18.55 percent) and Marion (16.82 percent) counties.
“The increase in home sales during the second quarter of 2013 is due in part to low interest rates, pent up demand and consumer confidence,” said RE/MAX Ability Plus Broker Cathy Epps. “Steady interest rates between 4.5 and 5 percent, coupled with an increase in new home sales, makes for a great time to buy in Central Indiana. We’re never going to see another market like the one we have now.”
Consumers in Central Indiana who sold their homes during the second quarter of the year saw the average sales price for homes sold increase by 5.34 percent when compared to 2012 sales transactions, from an average of $149,953 to $157,958. Hancock County saw the greatest year-over-year increase with 7.17 percent, followed by Marion (6.38 percent), Madison (5.77 percent), Hamilton (3.78 percent) and Johnson (3.63 percent) counties.
Meanwhile, the length of time a home sat on the market decreased from April through June to an average of 92 days compared to 101 days in 2012. Homeowners in Morgan County experienced an 18.80 percent decrease from 133 to 108 days on average for homes to sell. Hamilton County also saw a significant decrease by 18.56 percent, followed by Johnson (-16.49 percent), Shelby (-12.07 percent) and Marion (-11.22 percent) counties.
Source: Data acquired by Metropolitan Indianapolis Board of REALTORS®. Not all data may be represented.
About RE/MAX of Indiana, an Integra Company
RE/MAX of Indiana is Hoosiers’ real estate market leader with $2.7 billion in annual sales, over 75 offices and more than 1,200 sales associates. Founded in 1987, RE/MAX of Indiana helps growing families and businesses through its expertise in residential and commercial real estate, as well as relocation and referral services. Having sold 1.5 million homes in Indiana over the last five years, “nobody sells more real estate than RE/MAX.”
Integra Enterprises Corporation is a privately held company headquartered in Toronto, Ontario, Canada. Integra is the largest sub-franchisor of Denver, Colorado based RE/MAX, LLC. Representing approximately 30 percent of RE/MAX worldwide with more than 27,000 agents, Integra operates RE/MAX regional headquarters in Massachusetts; Minnesota; Indiana; Toronto, Ontario, Canada; and Vienna, Austria. Integra’s proven operating model supports its membership with a highly accessible and responsive regional leadership team delivering proprietary business development, training, marketing, and event management services from each of its regional offices.
For more information about Integra Enterprises, read the Integra brochure, or to read more about RE/MAX of Indiana, visit www.remax-indiana.com and follow us on Twitter at @remaxofindiana.
Stacy A. Gillen
Director of Regional Operations
RE/MAX of Indiana
Broker, RE/MAX Ability Plus