Weekly Rate Update, 6.11.14

From the Indiana Business Journal: The average rate for 30-year mortgages rose from 4.25 percent to 4.32 percent in the week of June 5, according to Bankrate.com.  The rate for 15-year mortgages rose from 3.35 percent to 3.41 percent.

Call me to get a market summary of your area or to start your home sale, purchase, or new build 

317.910.4293

MIBOR Data Monday - 6.9.14

MIBOR Data Monday!

Each week I'll provide the latest, informative data 

on the local Real Estate market and its activity in 

Hamilton County and the entire MIBOR 10-county geographic area.

This week the data is New Listings, Closed Sales and Median Sales price data.  Data provided is pulled from the latest MIBOR Market Data available. It is based off the 12-month rolling average.

                                         Hamilton County             MIBOR

     New Listings                         +0.7%                    +4.7%

              Closed Sales                        -15.8%                    +1.7%         

     Median Sales Price                 +9.1%                    +5.5%

  

As you can see in Hamilton County not many new homes coming on the market, which is causing the closings to drop and prices to increase.  This is good for sellers, but its tough on the buyers.

MIBOR is the professional association that represents central Indiana REALTOR.  MIBOR members serve home buyers and sellers in Boone, Brown, Hamilton, Hancock, Hendricks, Johnson, Marion, Montgomery, Morgan and Shelby counties,