Check out a summary of the Housing Market Sent to me by the Metropolitan Indianapolis Board of Realtors (10/22/2014):
Local Market Review: September Data Show Sales Breakthrough
Housing data released by MIBOR today shows gains in all monthly metrics with closed sales increasing by 13.1 percent in September – the first monthly gain of 2014. The one month increase did not erase the negative slide in closed sales but helped to close the gap. Closed sales for the three months ending in September was down just 0.5 percent. Sales prices remain strong. The Median Sales Price increased 2.9 percent to $144,000 in the quarter ending in September compared to the same quarter last year and grew 5.1 percent in September only data to $141,900 compared to September 2014.
National Market Review: Existing Home Sales Rise in September
Today the National Association of REALTORS® (NAR) announced total existing home sales rose 2.4 percent in September from August. This follows a modest decline last month. NAR Chief Economist Lawrence Yun credits the increase to low interest rates and less investor activity.
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