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Local Market Data: Closed Sales Stay Positive, But Pace Slows

Monday, August 22, 2016   /   by Karen McGail

Local Market Data: Closed Sales Stay Positive, But Pace Slows

Housing data released by MIBOR today shows a 0.4 percent increase in closed sales for the month of July and an 7.8 percent increase for the quarter ending in July compared to the same time periods one year ago. Pending sales rose 2.1 percent in July and 5.2 percent increase for the quarter. 

The pace of closed sales has slowed significantly from the spring and early summer months. Prices continue a consistent increase with median sales price up 2.5 percent in July to $158,900 and average sales price dipping slightly by 0.8 percent to $193,845. For the quarter ending in July, median sales price is up 3.2 percent and average sales price has increased 2.1 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 August 16.

eXp Realty
Carlos Higareda
107 N State Road 135
Greenwood, IN 46142
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 © 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.
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