Wednesday, January 28, 2015 / by Carlos J Higareda
Local Market Review: 2014 Housing Market Ends on a High Note
Housing data released by MIBOR shows a strong increase in closed sales activity and stable pricing in December. Closed sales rose 13 percent in December alone while increasing 7.8 percent for the quarter ending in December. Quarterly sales prices also increased – median sales price by 3.7 percent and average by 3.8 percent. Prices for December were flat with median up 0.1 percent and average down .06 percent. The current average sales price in central Indiana is $175,522.
New listings also jumped in December and the quarter signaling consumer interest leading into 2015. New listings increased by 13.1 percent in December and by 4.0 percent for the three months ending in December. Months supply of inventory dropped slightly to 4.5 months of available homes for sale.
source: Metropolitan Indianapolis Board of Realtors