If you need assistance, please call 317-590-2901

Closed Sales Increase by Double Digits for the Month of November

Tuesday, December 27, 2016   /   by Karen McGail

Closed Sales Increase by Double Digits for the Month of November

Housing data released by MIBOR today shows a 22.8 percent increase in closed sales for the month of November and a 14.1 percent increase for the quarter ending in November compared to the same time periods one year ago. Pending sales decreased 1.3 percent in November, and decreased 1.5 percent for the quarter. For the fourth month, housing data from Bartholomew and Jennings counties has been incorporated into the full MIBOR service area as the transition of data from the Crossroads listing service to the BLC® listing service is now complete. While the addition of two counties does account for some increase, closed activity in Bartholomew and Jennings counties account for 103 of the 2,649 closings for the month.

Prices continue a consistent increase with median sales price up 4.8 percent in November to $152,000 and average sales price up 4.4 percent to $183,9882. For the quarter ending in November, median sales price is up 6.9 percent and average sales price has increased 6.6 percent. Months of inventory decreased to 3.5.

eXp Realty
Carlos Higareda
719 Virginia Ave, Suite 101
Indianapolis, IN 46203

The source of the Licensed Listings is BLC® listing service. The Licensed Listings are confidential information of BLC® listing service. The BLC® listing information is provided by the Metropolitan Indianapolis Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Metropolitan Indianapolis Board of REALTORS® All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
This site powered by CINC: www.cincpro.com