Oct 27 2015 10560 1

Oct 27 2015 10560 1

Prices are rising! Good for sellers...bad for buyers!  Good time to buy before interest rates and home prices go up. 

Latest trade news:

 Pending Activity and Prices Rise  
Housing data released by MIBOR today shows essentially flat closed sales activity in September with a double digit increase pending sales and steady upward movement in median and average sales prices. Closed sales rose just 0.4 percent in September compared to September 2014, but are up 6.3 percent in the third quarter of 2015 compared to the third quarter one year ago. Pending sales increased 14.7 percent in the monthly comparison of September 2015 to the same period last year. In the quarter ending in September, pending sales rose 9.9 percent

National Market Review: September Closed Sales Rebound
According to the National Association of REALTORS® (NAR) September data release, existing home sales rose 4.7 percent in September. Median sales price was $221,900, which is 6.1 percent higher than September one year ago. Available inventory is 3.1 percent lower than last September.



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Phone: 317-402-1482
Dated: October 27th 2015
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