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Local Market Review: Sales and Prices Up, Inventory Remains Low

Monday, April 24, 2017   /   by Carlos J Higareda

Local Market Review: Sales and Prices Up, Inventory Remains Low

Housing data released by MIBOR today shows increased activity in sales along with steady price gains alongside another month of tight inventory. Closed sales increased 20.5 percent in March compared to March 2016 and rose 9.8 percent in the quarterly comparison. Pending sales increased 5.2 percent and 5.0 percent for the month and quarter respectively. Tight inventory continues with months of inventory at 3.8 months. For the eighth month, housing data from Bartholomew and Jennings counties has been incorporated into the full MIBOR service area as the transition of data from the Crossroads listing service to the BLC® listing service is now complete. While the addition of two counties does account for some increase, closed activity in Bartholomew and Jennings counties account for 132 of the 2,660 closings for the month.


Prices continue to increase with median sales price up 4.9 percent in March to $156,000 and average sales price up 4.0 percent to $189,237. For the quarter ending in March, median sales price is up 7.0 percent and average sales price increased 6.6 percent.

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 © 2023 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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