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Local Market Review: July Data Shows Stable Pricing, Continued Inventory Gains

Monday, August 25, 2014   /   by Carlos J Higareda

Local Market Review: July Data Shows Stable Pricing, Continued Inventory Gains

Housing data released by MIBOR today shows stable increases in home prices in central Indiana with continued decreases in closed and pending sales. However new listings increased 2.5 percent for the quarter ending in July and 2.2 in the month of July. Months Supply of Inventory rose 4.8 percent to 5.9 months.

Sales prices remain stable. The Median Sales Price increased 2.1 percent in the quarter ending in July to $145,000 compared to last year and grew 0.1 percent in July only data to the same $145,000 compared to July 2013. Average sales price also fared well with a 3.8 percent increase in the quarter to $182,680 over the last time period last year and up to $183,449 for July only – a 2.2 percent increase over July one year ago. 

Closed sales decreased 6.4 percent for the quarter compared to the same time period in 2013 and dropped 8.5 percent in July compared to a year ago. Pending sales followed a similar pattern to a lesser degree, down 4.4 percent for the quarter and 3.6 percent in July alone. 
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 18.

 

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 © 2019 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.