From TheStarPress 11/30/14 : Article
MUNCIE – As the busiest time of the year for home sales winds down, state and local real estate statistics are a mixed bag.
Besides the local numbers, there are developments in local real estate and finance, including new ownership and new names.
The warm-weather months are traditionally the hottest time of the year for home sales. That doesn’t mean that people don’t buy houses in the winter, but spring and summer and early fall usually see an uptick in home sales.
So do the latest numbers from the Indiana Association of Realtors mean that homebuyers have gone into hibernation?
Closed sales and prices were down in September, the realtors group said, but new listings were up. Closed sales were down 10.8 percent over September 2013 and down 11 percent for the year to date.
The median sales price was down 12.7 percent in September — to $79,900 — compared to the same month the previous year and down 2.5 percent for the year so far, when that median price was $81,200.
A bright spot was an increase in new listings, which shows that sellers are putting their houses out there, at least. New listings were up 11.9 percent compared to September 2013 and up 4.9 percent this year so far.
The realtors group said Delaware County has a 9.4-month supply of inventory with 765 houses listed. That’s up from 632 houses in the same time in 2013.
Statewide, sales were up 9.1 percent, the realtors group said. The median sales price was $128,000. The average price was $152,246.
The realtors group said the increase in home sales statewide — the second time that a month this year topped the same month last year — was a “meaningful” sign.
First-time homebuyers aren’t a big part of the market because of “sluggish” wage growth and student loan debt, the group said.