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Indiana Home Sales Improve in August
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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
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Indiana Home Sales Improve in August
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
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Indiana Home Sales Improve in August

October 15, 2012 (Jeff Alan)

Monthly home sales regained momentum during August in Indiana after falling for the first time in eight months in July according to the latest housing data from the Indiana Association of Realtors® (IAR) while home values dipped slightly for the month but were still higher than last year.

An estimated total of 6,697 existing single-family homes and condos were sold in the Hoosier State in August. That was 5.1 percent higher than the 6,370 homes sold in July and 12.2 percent higher than the 5,967 homes sold in August 2011.

Through the end of August, home sales in Indiana are 13.9 percent higher than during the same time period last year and have increased year-over-year for 14 consecutive months.

The median sales price for an existing home in Indiana fell by 0.8 percent in August to $121,500, down from $123,000 in July, but was still 3.8 percent higher than the median price of $117,000 in August of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “August capped two great seasons for the residential real estate market statewide. With regard to closed sales, last month (August) was actually the fourteenth consecutive month of year-over-year increases and put 2012 one step closer to surpassing years in which a federal home buyer tax credit was available. With regard to home prices, this past spring and summer have put values back to levels not seen since the recession began.

Of the 92 counties that provide data for the monthly report, fifty-six of the counties reported gains in home sales over the previous year or were unchanged with Scott County (+266.7 percent) reporting the largest increase among counties with 20 sales or more while Montgomery County (-40.0 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 1,051 home sales, up from 912 in August 2011, while Hamilton County followed with an estimated 567 closed sales for the month, up from 474 a year ago.

Year-over-year, forty-nine counties posted an increase in their median prices led by Adams County (+62.6 percent) with Miami County (-33.2 percent) posting the largest decline in prices in counties that had a minimum of 20 sales.

The total number of homes for sale fell slightly in August with 47,711 homes actively available. That’s down from 48,175 in July and down from 51,583 in August of 2011.

The state had an average 9.0 months supply of homes available for purchase, down slightly from a 9.2 month’s supply in July and down from an 11.1 months supply a year earlier.

Tags: Indiana real estate existing homes, condos, sales, median home prices

Source:
IAR

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
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October 15, 2012 (Jeff Alan)

Monthly home sales regained momentum during August in Indiana after falling for the first time in eight months in July according to the latest housing data from the Indiana Association of Realtors® (IAR) while home values dipped slightly for the month but were still higher than last year.

An estimated total of 6,697 existing single-family homes and condos were sold in the Hoosier State in August. That was 5.1 percent higher than the 6,370 homes sold in July and 12.2 percent higher than the 5,967 homes sold in August 2011.

Through the end of August, home sales in Indiana are 13.9 percent higher than during the same time period last year and have increased year-over-year for 14 consecutive months.

The median sales price for an existing home in Indiana fell by 0.8 percent in August to $121,500, down from $123,000 in July, but was still 3.8 percent higher than the median price of $117,000 in August of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “August capped two great seasons for the residential real estate market statewide. With regard to closed sales, last month (August) was actually the fourteenth consecutive month of year-over-year increases and put 2012 one step closer to surpassing years in which a federal home buyer tax credit was available. With regard to home prices, this past spring and summer have put values back to levels not seen since the recession began.

Of the 92 counties that provide data for the monthly report, fifty-six of the counties reported gains in home sales over the previous year or were unchanged with Scott County (+266.7 percent) reporting the largest increase among counties with 20 sales or more while Montgomery County (-40.0 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 1,051 home sales, up from 912 in August 2011, while Hamilton County followed with an estimated 567 closed sales for the month, up from 474 a year ago.

Year-over-year, forty-nine counties posted an increase in their median prices led by Adams County (+62.6 percent) with Miami County (-33.2 percent) posting the largest decline in prices in counties that had a minimum of 20 sales.

The total number of homes for sale fell slightly in August with 47,711 homes actively available. That’s down from 48,175 in July and down from 51,583 in August of 2011.

The state had an average 9.0 months supply of homes available for purchase, down slightly from a 9.2 month’s supply in July and down from an 11.1 months supply a year earlier.

Tags: Indiana real estate existing homes, condos, sales, median home prices

Source:
IAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
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INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

October 15, 2012 (Jeff Alan)

Monthly home sales regained momentum during August in Indiana after falling for the first time in eight months in July according to the latest housing data from the Indiana Association of Realtors® (IAR) while home values dipped slightly for the month but were still higher than last year.

An estimated total of 6,697 existing single-family homes and condos were sold in the Hoosier State in August. That was 5.1 percent higher than the 6,370 homes sold in July and 12.2 percent higher than the 5,967 homes sold in August 2011.

Through the end of August, home sales in Indiana are 13.9 percent higher than during the same time period last year and have increased year-over-year for 14 consecutive months.

The median sales price for an existing home in Indiana fell by 0.8 percent in August to $121,500, down from $123,000 in July, but was still 3.8 percent higher than the median price of $117,000 in August of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “August capped two great seasons for the residential real estate market statewide. With regard to closed sales, last month (August) was actually the fourteenth consecutive month of year-over-year increases and put 2012 one step closer to surpassing years in which a federal home buyer tax credit was available. With regard to home prices, this past spring and summer have put values back to levels not seen since the recession began.

Of the 92 counties that provide data for the monthly report, fifty-six of the counties reported gains in home sales over the previous year or were unchanged with Scott County (+266.7 percent) reporting the largest increase among counties with 20 sales or more while Montgomery County (-40.0 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 1,051 home sales, up from 912 in August 2011, while Hamilton County followed with an estimated 567 closed sales for the month, up from 474 a year ago.

Year-over-year, forty-nine counties posted an increase in their median prices led by Adams County (+62.6 percent) with Miami County (-33.2 percent) posting the largest decline in prices in counties that had a minimum of 20 sales.

The total number of homes for sale fell slightly in August with 47,711 homes actively available. That’s down from 48,175 in July and down from 51,583 in August of 2011.

The state had an average 9.0 months supply of homes available for purchase, down slightly from a 9.2 month’s supply in July and down from an 11.1 months supply a year earlier.

Tags: Indiana real estate existing homes, condos, sales, median home prices

Source:
IAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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