If you need assistance, please call 317-590-2901

Local Market Review: January Data Reveals Slow Pace, Strong Prices

Monday, February 24, 2014   /   by Carlos J Higareda

Local Market Review: January Data Reveals Slow Pace, Strong Prices

Housing data released by MIBOR today shows an increase in sales prices in the central Indiana housing market with a noticeably slower pace in closed sales. In central Indiana, the average sales price of homes increased by 8.7 percent to $170,041 in the three-month comparison and increased by 9.4 percent to $162,787 in the January-only comparison.


Median sales prices increased by 4.7 percent to $130,893 in the three-month comparison and increased 4.8 percent in January to $125,750. According to the MIBOR Monthly Indicators Report, the number of closed sales in central Indiana decreased by 1.8 percent in the three months ending in January 2014 when compared to the same three-month period last year.  In January alone, closed sales decreased by 13.8 percent.  Pending sales decreased by 12.4 percent in the three months ending in January and decreased by 22.6 percent in the one-month comparison.   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 February 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 © 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.
This site powered by CINC: www.cincpro.com