Realtor Sentiment Survey
Fourth Quarter 2015: Indiana Realtors Report a Stronger Late Summer Season, Look Ahead to Winter
Indiana Realtors report that the summer selling season ended on a relatively strong note, with 68 percent of survey respondents stating that the level of buyer traffic in September was either average or stronger than average. This is an improvement over this same period in 2014 when 58 percent or Realtors responded similarly. Furthermore, 43 percent of respondents said that their number pending sales was higher than it was the previous year, up from 33 percent reporting the same at this time last year.
As Realtors look ahead to winter, however, the general sentiment about the market is similar to last year. Sixty percent of respondents stated that they expected existing-home sales over the next three to six months to be about average for the time of year, while 21 percent said that sales will be stronger than average. These results are similar to the same period last year (64 percent and 19 percent, respectively).
Similarly, 80 percent of respondents stated the market will either be improving for sellers or will be neutral over the next three to six months, which is on par with the 81 percent reporting the same at this time in 2014.
Note: This survey is conducted by the Indiana Association of REALTORS® and the Indiana Business Research Center. All survey respondents are members of the Indiana Association of REALTORS®. View the archives page to access other releases.
Survey Results
How would you characterize the level of buyer traffic for single-family homes over the past 30 days?
N=444
Values above 50 indicate traffic is viewed as stronger than average.
How would you characterize the level of seller traffic for listing single-family homes over the past 30 days?
N=443
Values above 50 indicate traffic is viewed as stronger than average.
Compared to one year ago, is your number of pending sales:
N=441
Values above 50 indicate pending sales are higher.
Over the past 30 days, is the time for a home staying on the market until it is sold:
N=443
Values above 50 indicate length of time is increasing.
Over the next 3 to 6 months, do you think that single-family home prices will:
N=433
Values above 50 indicate prices are expected to increase.
Over the next 3 to 6 months, do you think that single-family home sales volume will be:
N=431
Values above 50 indicate volume is expected to be strong for the time of year. (Note: Question wording changed in 2014 Q4.)
Over the next 3 to 6 months, do you see the market:
N=431
Values above 50 indicate the market is expected to improve for buyers.
What do you think are the most important factors driving the residential real estate market currently and/or in the future?
N=417