Indianola Iowa Housing Statistics

June 2015

The National Association of REALTORS® (NAR) latest housing report shows existing-home sales continued to rise in April, for the fourth straight month, and reached their highest level in nine years.

Lawrence Yun, NAR chief economist, says the steady gains in contract activity each month this year highlight the fact that buyer demand is strong. "Realtors® are saying foot traffic1 remains elevated this spring despite limited — and in some cases severe — inventory shortages in many metro areas," he said. "Homeowners looking to sell this spring appear to be in the driver's seat, as there are more buyers competing for a limited number of homes available for sale."

The statistics for the Indianola, Iowa real estate market, as of June 8, 2015, continue to show a reduced inventory, while the average price of homes sold is about 94% of the same period in 2014, however the days on market have decreased from 102 to 63 days on average.   

Jan. 1 – June 8, 2015

            #Listings       List Price (Range)          Average Price

Condos             7        $84,900 - $186,900              $128,738

Acreages        11        $139,900 - $1,185,000         $472,281

Residential     47        $40,000 - $489,900              $193,769

             # Pending     List Price (Range)              Average Price

Condos           6          $56,900 - $270,500               $137,050

Acreages        12        $78,000 - $339,990               $212,084

Residential     46        $42,000 - $415,000               $198,480

            # Sold

Jan – June 8. 2015   Sold Price (Range)             Average Price     DOM

Condos           10          $49,900 - $219,900             $142,310            107

Acreages        14        $114,900 - $499,900             $236,492              59

Residential     72        $35,000 – $369,900              $167,369               63

 

                               2014 Sales

Jan 1 – Jun 8, 2014                   

              # Sold         Sold Price (Range)            Average Price      DOM

Condos           15        $49,900 - $239,900               $134,780           196

Acreages        12        $49,900 - $458,000               $248,479            124

Residential     65        $59,900 - $450,000               $179,076             102

Interest Rates

Mortgage Interest rates have increase recently to 4.125% on 30 year notes, which may mean a loss of buying power for those who have waited to purchase a home on the premise that rates will move lower.  A one point increase of interest rates results in a 10% decrease in buying power which means some buyers may be required to move to a lower price point instead of the home they really wish to purchase.  As always, Time is of the Essence.  Schedule a time with a loan officer to determine your price range.  It is more imperative today than ever to know how much you can afford before starting your home search.

EXIT Realty ITown

Indianola Real Estate

Indianola Chamber of Commerce

City of Indianola

I-M-U

Indianola Schools

 

Agent Login    |    Powered by Onjax
Create Free Account or
Terry Pauling
By using our site, users agree
to the terms and privacy policy
Equal Housing Opportunity Realtor MLS
Sign-In or