It seems like everyone in Indianapolis is moving! Three or four of my co-workers have moved this summer and I've talked to a lot of people who seem to be buying new homes. I just spent the last four days moving my family to the south side of Indianapolis! Indy is on the move.

If you've been thinking about selling your house recently, you're in luck! Home sales across the state of Indiana are at an 11-year high.


According to housing data recently released by the Metropolitan Indianapolis Board of REALTORS® (MIBOR), increases in pending sales, closed sales and home prices are higher than they have been since 2004.

The data shows that pending sales increased 10.6 percent July 2015 from July 2014. Pending sales are up 9.3 percent and closed sales increased by 14.1 percent in July. MIBOR says the biggest indicator that the home market is on the rise is that new listings fell 5 percent in July, after an increase the previous month.

And there's more good news for sellers! Home prices are also rising The average sales price increased by 6.6 percent in July and a little over 5 percent in the three-month review. The median sales price was $155,000 and is now up to $195,481.

MIBOR contributes the raise of home sales to low mortgage rates. Experts speculate that interest rates will rise by the end of the year, fueling the desire in home buyers to act quickly. In Marion County, closed sales increased by 13 percent and the median sales price also increased by a little over 8 percent.

If you're in the market to purchase a new home, popular opinion is that now is the time to buy. While increasing home sales might mean you'll have to look a little harder to find the perfect abode, with lower interest rates, it might be worth the effort. But expect to pay a little more in the sales price with the recent market growth.

Sale prices also saw increases in both the one- and three-month reviews. The average sales price increased by 6.6 percent in July and 5.3 percent in the three-month review. Median sales price had an equal jump of 6.9 percent in July and, coincidentally a 6.9 percent increase for the three months ending in July.

To view the one-page county reports, visit Mibor's website.