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- Indiana’s home and sale prices have significantly increased since last year, with the average sale price increasing 12.8% and home price increasing 13.1%. Home sales have also gone up, increasing 16.5%, adding pressure to the current competitive market as well as strain on the state’s home inventory.
www.theceshop.com/agent-essentials/blog/2021-what-to-expect-in-indiana-real-estate-market
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Indiana’s housing market was swept into uncharted waters in 2021. Through a combination of scarce market inventory, strong buyer demand and rock-bottom mortgage rates, Indiana house prices rose by an unprecedented 17.5% year-over-year in the second quarter (see Table 1).
Market Activity for the Indiana Association of REALTORS®. Monthly Indicators. March 2021. “Demand is not waning in the face of rising prices and mortgage rates. Homes continue to sell quickly,” said Indianapolis’ Roger Lundy, 2021 President of the Indiana Association of REALTORS®.
Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Current as of November 17, 2021. Data obtained from participating Multiple Listing Services (MLSs) and Broker Listing Cooperatives® (BLCs®).
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INDIANA REALTORS®: 2021 A RECORD YEAR FOR EXISTING SINGLE-FAMILY HOME SALES Inventory has declined since August 2014, median home price increases for 60th consecutive month (INDIANAPOLIS, IN) – The Indiana Association of REALTORS® today released its summary of existing-home sales from 2021.
Indiana Housing Market. Home prices in Indiana were up 5.5% year-over-year in August. At the same time, the number of homes sold fell 3.5% and the number of homes for sale rose 17.6%.
Indiana’s 2021 Real Estate Market Forecast. Indiana was hit hard by the pandemic early on and has made a remarkable recovery, posting some of the highest median sale price increases and homes sold in the country this year.
Indiana has seen a relatively strong increase in housing starts, with the number of new building permits up roughly 5% year-over-year through the first three quarters of 2020. This increase has been spurred by construction for single-family units, which has improved by 10% over the same period.
