Indianapolis Market Update - Metropolitan Indianapolis Board of Realtors

Positive Housing Momentum Continues through Midsummer Strong quarterly and single month data reveal an active housing market in central Indiana. The July Monthly Indicators Report of BLC® listing service data released by MIBOR today reveals that the number of closed sales in central Indiana increased by 16.6 percent in the three months ending in July 2012 when compared to the same three-month period last year. In June alone, closed sales increased by 15.5 percent. Pending sales increased 13.1 percent for the three-months ending in July and were up 18.4 percent for the single month of July. Inventory levels shrank 11.6 percent for the quarter and a similar 11.3 in July. Prices moved higher. The median sales price stands at $135,000, representing a 5.3 percent increase for the quarter and a 3.8 percent increase in July. The supply-demand balance stabilized as months supply of inventory was down 24.1 percent to 7.8 months in July. Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. The data was pulled from the BLC® listing service on August 16. To download the Monthly Indicators report, click here. To view the one-page county reports, click here. Please note, due to the length of the reports, it may take a few minutes to download. If you have questions regarding the data, please click here. 2012 MIBOR, 1912 N. Meridian St., Indianapolis, IN 46202 | 317-956-1912 | http://www.mibor.com/