Indianola Iowa Housing Statistics
Indianola Iowa Housing Statistics
WASHINGTON (July 22, 2015) — Existing-home sales increased in June to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply helped push the national median sales price to an all-time high, according to the National Association of Realtors®. All major regions experienced sales gains in June and have now risen above year-over-year levels for six consecutive months.
Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 3.2 percent to a seasonally adjusted annual rate of 5.49 million in June from a downwardly revised 5.32 million in May. Sales are now at their highest pace since February 2007 (5.79 million), have increased year-over-year for nine consecutive months and are 9.6 percent above a year ago (5.01 million).
Lawrence Yun, NAR chief economist, says backed by June's solid gain in closings, this year's spring buying season has been the strongest since the downturn. "Buyers have come back in force, leading to the strongest past two months in sales since early 2007," he said. "This wave of demand is being fueled by a year-plus of steady job growth and an improving economy that's giving more households the financial wherewithal and incentive to buy."
Adds Yun, "June sales were also likely propelled by the spring's initial phase of rising mortgage rates, which usually prods some prospective buyers to buy now rather than wait until later when borrowing costs could be higher."
The news release above, issued by NAR on July 22nd provides perspective into the National Housing market. Indianola Iowa Housing Statistics, as of July 31, 2015, shows a slight increase in inventory from past months. The average price of homes sold has also increased to about 103% of the same period in 2014, while the number of days on market have decreased from 83 to 74 days on average. Listed inventory in Indianola is still less than a six month average and homes that are priced right sell quickly, mirroring the national statistics that we are still in a “Seller’s” Market.
Indianola Real Estate Statistics for Jan. 1 – July 31, 2015
#Listings List Price (Range) Average Price
Condos 4 $89,900 - $123,900 $101,617
Acreages 19 $199,900 - $1,300,000 $482,021
Residential 55 $58,000 - $449,900 $204,244
# Pending List Price (Range) Average Price
Condos 3 $63,000 - $81,000 $ 74,633
Acreages 8 $139,900 - $489,900 $313,500
Residential 25 $95,000 - $314,900 $185,120
Jan – July 31, 2015 Sold Price (Range) Average Price DOM
Condos 10 $49,900 - $219,900 $142,310 107
Acreages 34 $102,000 - $511,677 $249,993 91
Residential 133 $27,500 – $364,900 $173,754 74
Jan 1 – July 31, 2014
# Sold Sold Price (Range) Average Price DOM
Condos 15 $49,900 - $239,900 $134,780 196
Acreages 29 $49,000 - $445,000 $266,009 108
Residential 202 $30,621 - $417,500 $167,473 83
Mortgage Interest rates have decreased again in the past with current rates running at or below 3.5% on 30 year notes. Experts are still anticipating an interest rate increase sometime this year
NOTE: In July the Des Moines Area Association of Realtors changed to a new MLS carrier, thus the statistics for this month will not match up completely with past reports due to differences in the reporting systems of the two carriers..
Chart Your Next Move with Us!