Housing data released by MIBOR today reveals the stabilizing trends throughout 2013 and a bump in closed sales for December and the 4th quarter. Closed sales increased 4.3 percent for the 4th quarter and increased 10.8 percent in December compared to the same periods in 2012. Pending sales are down; 10.3 for December and 4.5 for the quarter. MORE

According to the MIBOR Monthly Indicators Report, prices also made strong gains. Median sales price increased 5.4 in December and 4.8 percent in the 4th quarter compared in 2012. Average sales price grew more; 6.9 for the quarter and 10.5 percent in December. The current average sales price in central Indiana is $176,622; median sales price is $134,900. Inventory is at its lowest point all year at 4.5 months.

The data was pulled from the BLC® listing service on January 17.