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Local Market Review: 2014 Housing Market Ends on a High Note

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

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

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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