Tuesday, November 22, 2016 / by Karen McGail
Housing data released by MIBOR today shows a 6.4 percent increase in closed sales for the month of October and a 11.4 percent increase for the quarter ending in October compared to the same time periods one year ago. Pending sales decreased 3.4 percent in October, but increased 4.0 percent for the quarter. For the third month, housing data from Bartholomew and Jennings counties have 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 115 of the 2,844 closings for the month.
Prices continue a consistent increase with median sales price up 7.7 percent in October to $153,000 and average sales price up 5.7 percent to $186,902. For the quarter ending in October, median sales price is up 5.4 percent and average sales price has increased 5.5 percent. Months of inventory decreased to 3.7.