2017 Indianola Real Estate Market Summary

2017 Real Estate Market Summary

The real estate market in in the Indianola  / Warren County area was very active in 2017. The local 2017 real estate market summary shows average prices of residential homes increased throughout the year due to a lack of inventory.   

Monthly Inventory

 

 

Nationally a normal market carries a six month inventory of homes for sale. The national residential inventory at the end of 2017 was 3.4 months  

 

 

 

 

 

 

New Home Inventory has also decreased significantly due to the lack of existing homes on the market. The national average at the end of 2017 was 4.6 months.

 

 

Indianola Market Stats

Market statistics for the Indianola market show that this market is a mirror image of the national market.  With roughly 70 homes per month listed for sale through brokerages during 2017, residential properties that were priced right for the area sold in a matter of weeks, many times a matter of days.  The lack of inventory created instances of multiple offers on many properties with some properties selling at prices above the listing price.

 

227 Indianola residential properties sold through brokerages in 2017, with an average price of $194,566.  This is about a 4% increase over the 2016 averages.

 

 

 

  

 

46 acreages in the area surrounding Indianola also sold through brokerages in 2017 with the average sale price of $286,657.

 

 

 

 

 

 Terry Pauling is a Broker, REALTOR® and ALC at EXIT Realty North Star, 222 W Salem Ave. Indianola, IA 50125. We provide full-service real estate services to the Indianola, Warren County and Des Moines, Iowa metro areas. Find Links and contact information for Terry at www.exititown.com.   (C) 515-249-9192 

To download my mobile business card Text:  EXITiTown   To: 85377

exititown.com/blog/

             

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