Strong August Sales Prices. Read On.

Data released recently by MIBOR showed that sales prices in the market remain strong, with increases of four to six percent each month. August sales prices showed a 6.7 percent increase from August 2013. The median sales price increased 3.2 percent in the quarter ending in August to $147,000.

images-1

Inventory is also moving quickly. Homes in Fishers remained on the market for an average of 64 days. In August, there were 648 homes on the market, an increase from August of 2013.

Closed sales decreased 4.4 percent for the quarter in comparison to 2013. Pending sales also showed a decrease, down 2.3 percent for the quarter.

The IBJ (Indianapolis Business Journal), reported that the average 30-year mortgage rate rose slightly from 4.24 percent to 4.27 percent for the week ending September 11. The 15-year mortgage rate also mirrored a slight increase from 3.37 percent to 3.42 percent.

If you’re in the market to buy or sell a home, contact me to get started!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s