Post on 20-Jun-2020
The central Indiana housing market – like across much of the nation – is being predictable, and that's a good thing. At the beginning of the year, it was anticipated that the prevailing trends of the past year would continue into and through 2016, and that has largely been the case. The number of homes for sale has generally remained lower compared to a year ago, and prices have been steadily rising in desirable communities where homes show well.
NNew Listings in central Indiana decreased 3.8 percent after rising last month which contributes to tight inventory and a highly competitive market. Pending Sales were up 5.4 percent and the Closed Sales increase was double digits – 12.4 percent more homes sold in April 2016 than in April 2015. Inventory levels fell 10.4 percent to 10,809 units.
PPrices continued to gain traction, albeit at a slower pace than in previous months. The Median Sales Price increased 1.4 percent to $150,000 in April. Average Sales Price rose 1.0 percent year over year. Sellers continue to be in the driver’s seat as inventory stands almost even to last month at 3.9 months.
TThere have been no striking changes to curtail what should be a good run of home sales over the next several months. Mortgage rates have remained low, the unemployment rate has remained at or near 5.0 percent for eight straight months and wages have increased for a great many people.
Market Overview Key market metrics for the current month and year-to-date figures.
Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / –
New Listings Feb 2016 43,022 42,492 + 1.2% 17,069 16,918 + 0.9% 7,673 7,616 + 0.7% 3,146 2,846 + 10.5%
Mar 2016 43,377 42,513 + 2.0% 18,007 17,248 + 4.4% 10,048 9,637 + 4.3% 4,350 3,995 + 8.9%
Apr 2016 43,199 42,794 + 0.9% 19,164 18,659 + 2.7% 12,043 11,566 + 4.1% 4,547 4,725 - 3.8%
Pending Sales Feb 2016 30,982 27,911 + 11.0% 13,740 12,136 + 13.2% 6,425 5,588 + 15.0% 2,445 2,144 + 14.0%
Mar 2016 31,425 28,144 + 11.7% 14,170 12,469 + 13.6% 7,604 6,637 + 14.6% 3,122 2,679 + 16.5%
Apr 2016 31,592 28,508 + 10.8% 14,935 13,211 + 13.0% 8,802 7,891 + 11.5% 3,235 3,068 + 5.4%
Closed Sales Feb 2016 32,495 30,038 + 8.2% 13,984 13,355 + 4.7% 6,368 5,789 + 10.0% 1,984 1,810 + 9.6%
Mar 2016 32,720 30,334 + 7.9% 13,857 13,013 + 6.5% 6,374 5,844 + 9.1% 2,660 2,435 + 9.2%
Apr 2016 33,058 30,644 + 7.9% 14,257 13,043 + 9.3% 7,716 6,979 + 10.6% 3,072 2,734 + 12.4%
Median Sales Price Feb 2016 $148,000 $140,000 + 5.7% $142,000 $136,500 + 4.0% $139,900 $132,000 + 6.0% $135,000 $131,500 + 2.7%
Mar 2016 $148,263 $140,000 + 5.9% $142,500 $136,000 + 4.8% $142,000 $135,000 + 5.2% $148,750 $140,000 + 6.3%
Apr 2016 $148,500 $141,000 + 5.3% $145,000 $138,000 + 5.1% $146,500 $140,500 + 4.3% $150,000 $148,000 + 1.4%
Average Sales Price Feb 2016 $184,076 $176,380 + 4.4% $178,550 $173,004 + 3.2% $176,205 $170,062 + 3.6% $170,125 $166,384 + 2.2%
Mar 2016 $184,508 $177,136 + 4.2% $178,668 $173,710 + 2.9% $175,620 $170,328 + 3.1% $182,023 $175,991 + 3.4%
Apr 2016 $184,659 $178,033 + 3.7% $180,313 $174,931 + 3.1% $180,050 $176,232 + 2.2% $184,732 $182,931 + 1.0%
Feb 2016 93.8% 93.3% + 0.5% 93.2% 92.6% + 0.6% 92.9% 92.1% + 0.9% 92.9% 91.7% + 1.2%
Mar 2016 93.9% 93.3% + 0.6% 93.2% 92.5% + 0.7% 93.3% 92.3% + 1.1% 93.9% 92.9% + 1.1%
Apr 2016 94.0% 93.4% + 0.6% 93.5% 92.7% + 0.9% 94.0% 93.0% + 1.1% 94.8% 94.0% + 0.9%
Feb 2016 10,255 10,914 - 6.0%
Mar 2016 10,490 11,348 - 7.6%
Apr 2016 10,809 12,057 - 10.4%
Feb 2016 3.8 4.4 - 13.1%
Mar 2016 3.8 4.5 - 14.3%
Apr 2016 3.9 4.7 - 16.9%
Percent of Original List Price Received at Sale
Total Active Listings Available at Month End
Months Supplyof Inventory
Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 2
Rolling 12 Months MonthlyRolling 6 Months Rolling 3 Months
There are no rolling figures for Total Active Listings Available at Month End or Months Supply of Inventory because these metrics are simply snapshots frozen in time at the end
of each month. It does not add up over a period of months.
New Listings A count of the properties that have been newly listed on the market in a given month, regardless of what status they're currently in.
Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 3
40,947 42,794 43,199
2014 2015 2016
12 Month
17,34118,659 19,164
2014 2015 2016
6 Month
1,000
2,000
3,000
4,000
5,000
6,000
7,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical New Listings
10,92711,566 12,043
2014 2015 2016
3 Month
4,4444,725 4,547
2014 2015 2016
April
One-Year Change:
Two-Year Change:
+ 2.7%
+ 10.5%
One-Year Change:
Two-Year Change:
+ 0.9%
+ 5.5%
One-Year Change:
Two-Year Change:
- 3.8%
+ 2.3%
One-Year Change:
Two-Year Change:
+ 4.1%
+ 10.2%
Pending Sales A count of the properties on which contracts have been accepted in a given month, regardless of whether or not the sale closes.
Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 4
26,89228,508
31,592
2014 2015 2016
12 Month
11,715
13,211
14,935
2014 2015 2016
6 Month
1,000
1,500
2,000
2,500
3,000
3,500
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical Pending Sales
7,0347,891
8,802
2014 2015 2016
3 Month
2,704
3,0683,235
2014 2015 2016
April
One-Year Change:
Two-Year Change:
+ 13.0%
+ 27.5%
One-Year Change:
Two-Year Change:
+ 10.8%
+ 17.5%
One-Year Change:
Two-Year Change:
+ 5.4%
+ 19.6%
One-Year Change:
Two-Year Change:
+ 11.5%
+ 25.1%
Closed Sales A count of the actual sales that have closed in a given month.
Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 5
29,534 30,64433,058
2014 2015 2016
12 Month
11,76713,043
14,257
2014 2015 2016
6 Month
1,000
1,500
2,000
2,500
3,000
3,500
4,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical Closed Sales
6,1716,979
7,716
2014 2015 2016
3 Month
2,4242,734
3,072
2014 2015 2016
April
One-Year Change:
Two-Year Change:
+ 9.3%
+ 21.2%
One-Year Change:
Two-Year Change:
+ 7.9%
+ 11.9%
One-Year Change:
Two-Year Change:
+ 12.4%
+ 26.7%
One-Year Change:
Two-Year Change:
+ 10.6%
+ 25.0%
Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.
Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 6
$136,000 $141,000$148,500
2014 2015 2016
12 Month
$131,500$138,000
$145,000
2014 2015 2016
6 Month
$90,000
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical Median Sales Price
$132,005$140,500 $146,500
2014 2015 2016
3 Month
$136,000$148,000 $150,000
2014 2015 2016
April
One-Year Change:
Two-Year Change:
+ 5.1%
+ 10.3%
One-Year Change:
Two-Year Change:
+ 5.3%
+ 9.2%
One-Year Change:
Two-Year Change:
+ 1.4%
+ 10.3%
One-Year Change:
Two-Year Change:
+ 4.3%
+ 11.0%
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 7
$170,572$178,033 $184,659
2014 2015 2016
12 Month
$167,321$174,931 $180,313
2014 2015 2016
6 Month
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical Average Sales Price
$164,953$176,232 $180,050
2014 2015 2016
3 Month
$172,324$182,931 $184,732
2014 2015 2016
April
One-Year Change:
Two-Year Change:
+ 3.1%
+ 7.8%
One-Year Change:
Two-Year Change:
+ 3.7%
+ 8.3%
One-Year Change:
Two-Year Change:
+ 1.0%
+ 7.2%
One-Year Change:
Two-Year Change:
+ 2.2%
+ 9.2%
Percent of Original List Price Received
Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 8
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
92.5% 93.4% 94.0%
2014 2015 2016
12 Month
92.2% 92.7% 93.5%
2014 2015 2016
6 Month
84%
86%
88%
90%
92%
94%
96%
98%
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical Percent of Original List Price Received
92.7% 93.0% 94.0%
2014 2015 2016
3 Month
93.7% 94.0% 94.8%
2014 2015 2016
April
One-Year Change:
Two-Year Change:
+ 0.9%
+ 1.4%
One-Year Change:
Two-Year Change:
+ 0.6%
+ 1.6%
One-Year Change:
Two-Year Change:
+ 0.9%
+ 1.2%
One-Year Change:
Two-Year Change:
+ 1.1%
+ 1.4%
Inventory of Homes for Sale
Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 9
The number of properties available for sale in active status at the end of a given month. There are no rolling figures for Inventory of Homes for Sale because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
0
10,000
20,000
30,000
40,000
50,000
60,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical Inventory of Homes Available
15,33512,795 12,378 12,057
10,809
2012 2013 2014 2015 2016
April
- 10.4%One-Year Change:
Two-Year Change:- 12.7%
Months Supply of Inventory
Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 10
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months. There are no rolling figures for Months Supply of Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
3
4
5
6
7
8
9
10
11
12
13
1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical Months Supply of Homes for Sale
8.0
5.65.0 4.7
3.9
2012 2013 2014 2015 2016
April
- 22.0%
One-Year Change:
Two-Year Change:
- 16.9%
2015 2016 + / – 2015 2016 + / –
New Listings 372 465 + 25.0% 144 177 + 22.9%
Closed Sales 225 250 + 11.1% 85 108 + 27.1%
Median Sales Price* $197,250 $245,000 + 24.2% $225,500 $270,000 + 19.7%
Average Sales Price* $252,225 $285,429 + 13.2% $260,578 $305,606 + 17.3%
Percent of Original List Price Received at Sale* 93.3% 95.4% + 2.2% 93.4% 96.4% + 3.3%
Absorption Rate 4.7 4.5 - 3.4%
Single-Family Detached Inventory 411 413 + 0.5%
Townhouse-Condo Inventory 13 20 + 53.8%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Boone County
+ 22.9% + 27.1% + 19.7%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Boone County
Indianapolis Metro Area
- 20%
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
+ 25%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
144
85
177
108
New Listings Closed Sales
April 2015 2016
372
225
465
250
New Listings Closed Sales
Feb through Apr 2015 2016
+ 27.1%+ 22.9%+ 11.1%+ 25.0%
2015 2016 + / – 2015 2016 + / –
New Listings 83 129 + 55.4% 49 47 - 4.1%
Closed Sales 30 50 + 66.7% 13 16 + 23.1%
Median Sales Price* $131,500 $205,000 + 55.9% $142,250 $233,750 + 64.3%
Average Sales Price* $154,637 $227,192 + 46.9% $164,071 $234,825 + 43.1%
Percent of Original List Price Received at Sale* 89.5% 92.2% + 3.1% 91.6% 91.1% - 0.6%
Absorption Rate 18.5 14.6 - 21.2%
Single-Family Detached Inventory 271 286 + 5.5%
Townhouse-Condo Inventory 5 7 + 40.0%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Brown County
- 4.1% + 23.1% + 64.3%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Brown County
Indianapolis Metro Area
- 30%
- 20%
- 10%
0%
+ 10%
+ 20%
+ 30%
+ 40%
+ 50%
+ 60%
+ 70%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
49
13
47
16
New Listings Closed Sales
April 2015 2016
83
30
129
50
New Listings Closed Sales
Feb through Apr 2015 2016
+ 23.1%- 4.1%+ 66.7%+ 55.4%
2015 2016 + / – 2015 2016 + / –
New Listings 103 88 - 14.6% 49 33 - 32.7%
Closed Sales 60 63 + 5.0% 17 19 + 11.8%
Median Sales Price* $109,000 $102,000 - 6.4% $115,000 $130,000 + 13.0%
Average Sales Price* $127,340 $120,423 - 5.4% $146,194 $153,616 + 5.1%
Percent of Original List Price Received at Sale* 88.7% 90.3% + 1.7% 90.5% 91.2% + 0.7%
Absorption Rate 7.2 5.6 - 23.2%
Single-Family Detached Inventory 151 126 - 16.6%
Townhouse-Condo Inventory 1 0 - 100.0%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Decatur County
- 32.7% + 11.8% + 13.0%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Decatur County
Indianapolis Metro Area
- 30%
- 20%
- 10%
0%
+ 10%
+ 20%
+ 30%
+ 40%
+ 50%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
49
17
33
19
New Listings Closed Sales
April 2015 2016
103
60
88
63
New Listings Closed Sales
Feb through Apr 2015 2016
+ 11.8%- 32.7%+ 5.0%- 14.6%
2015 2016 + / – 2015 2016 + / –
New Listings 2,404 2,387 - 0.7% 998 868 - 13.0%
Closed Sales 1,444 1,477 + 2.3% 588 575 - 2.2%
Median Sales Price* $218,000 $225,000 + 3.2% $216,450 $226,500 + 4.6%
Average Sales Price* $272,734 $274,005 + 0.5% $277,173 $277,203 + 0.0%
Percent of Original List Price Received at Sale* 95.3% 96.2% + 0.9% 96.0% 96.5% + 0.5%
Absorption Rate 3.6 3.2 - 10.4%
Single-Family Detached Inventory 1,801 1,630 - 9.5%
Townhouse-Condo Inventory 170 172 + 1.2%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Hamilton County
- 13.0% - 2.2% + 4.6%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Hamilton County
Indianapolis Metro Area
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
998
588
868
575
New Listings Closed Sales
April 2015 2016
2,404
1,444
2,387
1,477
New Listings Closed Sales
Feb through Apr 2015 2016
- 2.2%- 13.0%+ 2.3%- 0.7%
2015 2016 + / – 2015 2016 + / –
New Listings 424 393 - 7.3% 167 143 - 14.4%
Closed Sales 260 281 + 8.1% 110 108 - 1.8%
Median Sales Price* $140,000 $146,000 + 4.3% $149,450 $151,000 + 1.0%
Average Sales Price* $155,255 $167,384 + 7.8% $154,855 $169,638 + 9.5%
Percent of Original List Price Received at Sale* 94.1% 94.6% + 0.6% 95.4% 95.4% - 0.0%
Absorption Rate 4.4 3.2 - 26.5%
Single-Family Detached Inventory 427 332 - 22.2%
Townhouse-Condo Inventory 5 6 + 20.0%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Hancock County
- 14.4% - 1.8% + 1.0%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Hancock County
Indianapolis Metro Area
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
167
110
143
108
New Listings Closed Sales
April 2015 2016
424
260
393
281
New Listings Closed Sales
Feb through Apr 2015 2016
- 1.8%- 14.4%+ 8.1%- 7.3%
2015 2016 + / – 2015 2016 + / –
New Listings 926 981 + 5.9% 371 406 + 9.4%
Closed Sales 579 622 + 7.4% 230 244 + 6.1%
Median Sales Price* $165,000 $162,450 - 1.5% $169,000 $164,475 - 2.7%
Average Sales Price* $187,963 $182,745 - 2.8% $192,595 $182,122 - 5.4%
Percent of Original List Price Received at Sale* 94.7% 95.5% + 0.9% 95.6% 96.3% + 0.8%
Absorption Rate 3.9 3.2 - 17.2%
Single-Family Detached Inventory 793 734 - 7.4%
Townhouse-Condo Inventory 64 38 - 40.6%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Hendricks County
+ 9.4% + 6.1% - 2.7%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Hendricks County
Indianapolis Metro Area
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
371
230
406
244
New Listings Closed Sales
April 2015 2016
926
579
981
622
New Listings Closed Sales
Feb through Apr 2015 2016
+ 6.1%+ 9.4%+ 7.4%+ 5.9%
2015 2016 + / – 2015 2016 + / –
New Listings 939 909 - 3.2% 362 349 - 3.6%
Closed Sales 576 636 + 10.4% 208 273 + 31.3%
Median Sales Price* $142,500 $155,000 + 8.8% $142,750 $163,000 + 14.2%
Average Sales Price* $167,821 $186,605 + 11.2% $166,094 $189,403 + 14.0%
Percent of Original List Price Received at Sale* 94.3% 95.1% + 0.8% 95.4% 96.2% + 0.8%
Absorption Rate 4.3 3.1 - 28.2%
Single-Family Detached Inventory 881 685 - 22.2%
Townhouse-Condo Inventory 38 34 - 10.5%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Johnson County
- 3.6% + 31.3% + 14.2%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Johnson County
Indianapolis Metro Area
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
362
208
349
273
New Listings Closed Sales
April 2015 2016
939
576
909
636
New Listings Closed Sales
Feb through Apr 2015 2016
+ 31.3%- 3.6%+ 10.4%- 3.2%
2015 2016 + / – 2015 2016 + / –
New Listings 527 545 + 3.4% 222 190 - 14.4%
Closed Sales 332 363 + 9.3% 140 119 - 15.0%
Median Sales Price* $72,500 $85,000 + 17.2% $80,000 $89,550 + 11.9%
Average Sales Price* $85,428 $96,947 + 13.5% $93,158 $101,450 + 8.9%
Percent of Original List Price Received at Sale* 88.3% 89.2% + 1.1% 89.1% 90.2% + 1.2%
Absorption Rate 5.4 4.8 - 12.5%
Single-Family Detached Inventory 622 568 - 8.7%
Townhouse-Condo Inventory 29 30 + 3.4%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Madison County
- 14.4% - 15.0% + 11.9%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Madison County
Indianapolis Metro Area
- 20%
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
+ 25%
+ 30%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
222
140
190
119
New Listings Closed Sales
April 2015 2016
527
332
545
363
New Listings Closed Sales
Feb through Apr 2015 2016
- 15.0%- 14.4%+ 9.3%+ 3.4%
2015 2016 + / – 2015 2016 + / –
New Listings 4,896 4,883 - 0.3% 1,975 1,871 - 5.3%
Closed Sales 2,932 3,197 + 9.0% 1,150 1,281 + 11.4%
Median Sales Price* $118,000 $123,000 + 4.2% $123,000 $126,000 + 2.4%
Average Sales Price* $142,202 $144,186 + 1.4% $151,272 $146,616 - 3.1%
Percent of Original List Price Received at Sale* 92.2% 93.3% + 1.2% 93.4% 94.1% + 0.8%
Absorption Rate 5.0 4.0 - 20.8%
Single-Family Detached Inventory 4,507 3,854 - 14.5%
Townhouse-Condo Inventory 638 532 - 16.6%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Marion County
- 5.3% + 11.4% + 2.4%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Marion County
Indianapolis Metro Area
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
1,975
1,150
1,871
1,281
New Listings Closed Sales
April 2015 2016
4,896
2,932
4,883
3,197
New Listings Closed Sales
Feb through Apr 2015 2016
+ 11.4%- 5.3%+ 9.0%- 0.3%
2015 2016 + / – 2015 2016 + / –
New Listings 156 168 + 7.7% 65 57 - 12.3%
Closed Sales 94 91 - 3.2% 36 31 - 13.9%
Median Sales Price* $90,750 $84,000 - 7.4% $108,250 $113,000 + 4.4%
Average Sales Price* $99,807 $95,006 - 4.8% $109,763 $113,147 + 3.1%
Percent of Original List Price Received at Sale* 88.2% 91.2% + 3.4% 89.4% 91.2% + 2.0%
Absorption Rate 6.1 4.9 - 19.6%
Single-Family Detached Inventory 221 188 - 14.9%
Townhouse-Condo Inventory 6 1 - 83.3%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Montgomery County
- 12.3% - 13.9% + 4.4%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Montgomery County
Indianapolis Metro Area
- 25%
- 20%
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
+ 25%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
65
36
57
31
New Listings Closed Sales
April 2015 2016
156
94
168
91
New Listings Closed Sales
Feb through Apr 2015 2016
- 13.9%- 12.3%- 3.2%+ 7.7%
2015 2016 + / – 2015 2016 + / –
New Listings 331 351 + 6.0% 154 148 - 3.9%
Closed Sales 190 213 + 12.1% 69 88 + 27.5%
Median Sales Price* $133,125 $135,000 + 1.4% $132,500 $150,007 + 13.2%
Average Sales Price* $146,557 $159,457 + 8.8% $149,291 $170,674 + 14.3%
Percent of Original List Price Received at Sale* 91.3% 91.5% + 0.2% 91.6% 93.2% + 1.8%
Absorption Rate 5.8 4.7 - 19.5%
Single-Family Detached Inventory 441 378 - 14.3%
Townhouse-Condo Inventory 14 10 - 28.6%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Morgan County
- 3.9% + 27.5% + 13.2%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Morgan County
Indianapolis Metro Area
- 20%
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
+ 25%
+ 30%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
154
69
148
88
New Listings Closed Sales
April 2015 2016
331
190
351
213
New Listings Closed Sales
Feb through Apr 2015 2016
+ 27.5%- 3.9%+ 12.1%+ 6.0%
2015 2016 + / – 2015 2016 + / –
New Listings 177 186 + 5.1% 82 63 - 23.2%
Closed Sales 100 102 + 2.0% 46 45 - 2.2%
Median Sales Price* $115,000 $102,500 - 10.9% $130,000 $105,900 - 18.5%
Average Sales Price* $140,293 $120,136 - 14.4% $149,373 $123,530 - 17.3%
Percent of Original List Price Received at Sale* 90.6% 92.9% + 2.6% 91.5% 94.9% + 3.7%
Absorption Rate 7.6 6.0 - 21.2%
Single-Family Detached Inventory 252 220 - 12.7%
Townhouse-Condo Inventory 10 10 0.0%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Putnam County
- 23.2% - 2.2% - 18.5%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Putnam County
Indianapolis Metro Area
- 20%
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
+ 25%
+ 30%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
82
46
63
45
New Listings Closed Sales
April 2015 2016
177
100
186
102
New Listings Closed Sales
Feb through Apr 2015 2016
- 2.2%- 23.2%+ 2.0%+ 5.1%
2015 2016 + / – 2015 2016 + / –
New Listings 183 167 - 8.7% 69 57 - 17.4%
Closed Sales 122 117 - 4.1% 38 47 + 23.7%
Median Sales Price* $94,500 $108,000 + 14.3% $91,000 $111,250 + 22.3%
Average Sales Price* $107,072 $125,614 + 17.3% $105,532 $118,361 + 12.2%
Percent of Original List Price Received at Sale* 90.4% 89.3% - 1.2% 87.8% 91.5% + 4.3%
Absorption Rate 5.9 5.0 - 16.4%
Single-Family Detached Inventory 227 204 - 10.1%
Townhouse-Condo Inventory 11 6 - 45.5%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – April 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
AprilFeb through Apr
Shelby County
- 17.4% + 23.7% + 22.3%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Shelby County
Indianapolis Metro Area
- 30%
- 20%
- 10%
0%
+ 10%
+ 20%
+ 30%
+ 40%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
69
38
5747
New Listings Closed Sales
April 2015 2016
183
122
167
117
New Listings Closed Sales
Feb through Apr 2015 2016
+ 23.7%- 17.4%- 4.1%- 8.7%