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Closed Sales Pace Picks Up, Service Area Expands

Monday, September 26, 2016   /   by Karen McGail

Closed Sales Pace Picks Up, Service Area Expands

Housing data released by MIBOR today shows a 12.9 percent increase in closed sales for the month of August and a 5.9 percent increase for the quarter ending in August compared to the same time periods one year ago. Pending sales rose 14.9 percent in August and 8.3 percent increase for the quarter. For the first time, 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 134 of the 3,061 closings for the month. 


Prices continue a consistent increase with median sales price increased up 3.3 percent in August to $154,900 and average sales price up 1.9 percent to $192,140. For the quarter ending in August, median sales price is up 2.9 percent and average sales price has increased 2.0 percent.


Months of inventory remains unchanged, but tight, at 4.0 months.


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 September 19th.


source: MIBOR

eXp Realty
Carlos Higareda
719 Virginia Ave, Suite 101
Indianapolis, IN 46203
317-590-2901
317-881-3700

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 © 2020 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.
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