The Indianapolis real estate market saw a 5-percent decrease in the number of homes sold during the first quarter of 2012 compared to the last quarter of 2012, or 815 versus 857 sales respectively. But in what is perhaps a more telling sign, there were 15.8 percent more homes sold during the first quarter when compared to this same quarter last year, or 815 versus 704 sales respectively. IN yet another comparison, total sales were up 12.6 percent, from 856 in March of 2012 to 964 in March of 2013.
But improvements were also seen in another very important metric: Pending Sales. There were 3,044 pending sales reported during the first quarter of 2013. This represents a 27-percent increase over the previous quarter’s total of 2,390. But more importantly, it represents a 13.4-percent increase versus the first quarter of 2012. What’s more, the 1,205 pending sales that were reported during the month of March, 2013 represent a 9.9-percent increase versus March of 2012.
The average number of homes listed for sale each month during the first quarter of 2013 fell 15.7 percent compared to this same quarter 1 year ago, or 4,739 versus 5,624 respectively. Compared to the last quarter of 2012, average listings were down 8 percent, or 5,138 versus 4,739 respectively. There were also fewer homes for sale in March of 2013 compared to March of 2012, or 4,866 versus 5,733 respectively.
This report provided courtesy of msWoods Real Estate, LLC.
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