By: Mike Lunsford—
At the half-way mark of 2015, housing is well on the way of outperforming 2014
The 114 homes sold in Delaware County in June is a 23.9% increase from the same month last year. This is according to the Monthly Indiana Real Estate Markets Report released by REALTORS.
The rest of the year-over-year comparison from the report shows housing outperformed June 2014 in all measures except inventory:
- The median sales price increased 17.1% to $105,000
- The average sales price increased 21% to $124,424
- The percent of original listing price received increased 2.7% to 95.9%
- The month’s supply of homes remained constant at 7.9 months
- The inventory of homes for sale decreased 1.6% to 663
“It’s been years since we have seen activity and pricing at these levels,” said Bruce Bright, 2015 President of the Indiana Association of Realtors. “Despite a continued lack of inventory and increasing prices, consumers across the state see the opportunities that low interest rates present and are confident about housing as an investment.”
The year-to-year comparisons from the report shows that at the half-way mark of 2015, housing is well on the way of outperforming 2014:
- The number of closed home sales increased 15.5% to 522
- The number of new listings increased 3.4% to 907
- The median sale price of homes increased 7.2% to $87,050
- The percent of original list price to sale price increased 2.8% to 93.3%
“A strong real estate market is a significant measure of the local economy. Continued low interest rates and improving employment levels bodes well for all aspects of our community,” said Mike Lunsford, CEO of Coldwell Banker Lunsford.