Realtor Sentiment Survey
Second Quarter 2017: Indiana Realtors Say Low Inventory Weighing on Housing Market
Forty percent of Indiana Realtors said that low seller inventory was a major factor influencing their housing market, the most common issue identified in the Spring 2017 Indiana Realtors Sentiment Survey. This result marks the first time in the history of this survey that interest rates and the economy/confidence weren’t the two most commonly identified market drivers. The state’s persistent lack of inventory appears to be dampening the outlook for many realtors. Only 44 percent of respondents stated that they expect single-family sales over the next three to six months to be strong for this time of year—the first time that the spring edition of this survey had fewer than half of respondents with an optimistic outlook on the market.
Indiana Realtors do not expect the dynamics of the extreme seller’s market to change any time soon. Slightly more than two-thirds of respondents stated that the market will improve for sellers over the next three to six months.
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=547
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=547
Values above 50 indicate traffic is viewed as stronger than average.
Compared to one year ago, is your number of pending sales:
N=543
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=547
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=532
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=532
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=532
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=429