MIBOR SERVICE AREA (1-5) BARTHOLOMEW COUNTY (6) …
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© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association MIBOR SERVICE AREA (1-5) BARTHOLOMEW COUNTY (6) BOONE COUNTY (7) BROWN COUNTY (8) DECATUR COUNTY (9) HAMILTON COUNTY (10) HANCOCK COUNTY (11) HENDRICKS COUNTY (12) JACKSON COUNTY (13) JENNINGS COUNTY (14) JOHNSON COUNTY (15) MADISON COUNTY (16) MARION COUNTY (17) MONTGOMERY COUNTY (18) MORGAN COUNTY (19) PUTNAM COUNTY (20) SHELBY COUNTY (21) CONDOS (22) The housing market is one of the largest and most important sectors of the U.S. economy. To understand the trends within the market one must analyze activity both month-over-month and year-over-year. In this Market Insights Report, MIBOR REALTOR® Association (MIBOR) provides a market analysis of the 16 central Indiana counties within the MIBOR service area by creating a single, timely, reliable source of data. In this report, MIBOR has separated townhouse/condo inventory and properties for lease from the aggregated totals. This decision was made to add clarity to the data as the single-family residential segment is typically the focus. However, as our research shows, walkable neighborhoods with mixed use property types is becoming a consumer preference and a good investment for municipalities. Given this information, we have added a section to the report to address condos and “condo lifestyle” as it is defined within our data. To create a comprehensive view of the market, MIBOR has scheduled the data pull to happen on the 5th day of the month for the prior month. After review, the the completed reports are posted by the second Friday of the month at www.mibor.com/ marketinsights. After analysis of the February 2021 data, this is what our experts are saying: “The Indianapolis February median sales price of $223,500 was at an all-time February high and rose 18.9% over last year,” said Shelley Specchio, MBOR CEO. “In addition, active inventory dropped to an all-time low of just 1,577 listings. REALTORS® agree the steep dip in new listings and continued high demand make this an optimal time to consider listing your home. Talk to a REALTOR® today to learn what your home is worth and the many options available if you want to sell.” Dr. Elliot Eisenberg, an internationally acclaimed economist and public speaker says, “The economic forecast for 21Q1 continues to improve, with GDP likely to exceed 4.0%, resulting from strong retail sales, steadily rising vaccination rates, improving weather, and inventory rebuilding. The $1.9 trillion Biden stimulus will further boost the recovery, and as a result, economic growth should continue to improve and peak out in Q2 and Q3 at growth rates over 7%, with Q4 at a lower but still strong 4%. By mid-2021 GDP should be back to pre-pandemic levels, and CY2021 GDP should well exceed 5%, its best performance in almost 40 years.” Year over Year data for February: • Median sales price increased 18.9 percent to $223,500 • Average days on market decreased 44.1 percent to 33 • Current active listings decreased 59.8 percent to 1,577
Transcript of MIBOR SERVICE AREA (1-5) BARTHOLOMEW COUNTY (6) …
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association
MIBOR SERVICE AREA (1-5)
BARTHOLOMEW COUNTY (6)
BOONE COUNTY (7)
BROWN COUNTY (8)
DECATUR COUNTY (9)
HAMILTON COUNTY (10)
HANCOCK COUNTY (11)
HENDRICKS COUNTY (12)
JACKSON COUNTY (13)
JENNINGS COUNTY (14)
JOHNSON COUNTY (15)
MADISON COUNTY (16)
MARION COUNTY (17)
MONTGOMERY COUNTY (18)
MORGAN COUNTY (19)
PUTNAM COUNTY (20)
SHELBY COUNTY (21)
CONDOS (22)
The housing market is one of the largest and most important sectors of the U.S. economy. To understand the trends within the market one must analyze activity both month-over-month and year-over-year.
In this Market Insights Report, MIBOR REALTOR® Association (MIBOR) provides a market analysis of the 16 central Indiana counties within the MIBOR service area by creating a single, timely, reliable source of data. In this report, MIBOR has separated townhouse/condo inventory and properties for lease from the aggregated totals. This decision was made to add clarity to the data as the single-family residential segment is typically the focus. However, as our research shows, walkable neighborhoods with mixed use property types is becoming a consumer preference and a good investment for municipalities. Given this information, we have added a section to the report to address condos and “condo lifestyle” as it is defined within our data.
To create a comprehensive view of the market, MIBOR has scheduled the data pull to happen on the 5th day of the month for the prior month. After review, the the completed reports are posted by the second Friday of the month at www.mibor.com/marketinsights.
After analysis of the February 2021 data, this is what our experts are saying:
“The Indianapolis February median sales price of $223,500 was at an all-time February high and rose 18.9% over last year,” said Shelley Specchio, MBOR CEO. “In addition, active inventory dropped to an all-time low of just 1,577 listings. REALTORS® agree the steep dip in new listings and continued high demand make this an optimal time to consider listing your home. Talk to a REALTOR® today to learn what your home is worth and the many options available if you want to sell.”
Dr. Elliot Eisenberg, an internationally acclaimed economist and public speaker says, “The economic forecast for 21Q1 continues to improve, with GDP likely to exceed 4.0%, resulting from strong retail sales, steadily rising vaccination rates, improving weather, and inventory rebuilding. The $1.9 trillion Biden stimulus will further boost the recovery, and as a result, economic growth should continue to improve and peak out in Q2 and Q3 at growth rates over 7%, with Q4 at a lower but still strong 4%. By mid-2021 GDP should be back to pre-pandemic levels, and CY2021 GDP should well exceed 5%, its best performance in almost 40 years.”
Year over Year data for February:
• Median sales price increased 18.9 percent to $223,500• Average days on market decreased 44.1 percent to 33• Current active listings decreased 59.8 percent to 1,577
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 1
Median Sales Price $223,500 $212,000 5.4% $188,000 18.9% $219,000 $185,000 18.4%
Closed Sales 2,243 2,073 8.2% 2,114 6.1% 4,316 3,969 8.7%
New Listings 2,178 2,390 -8.9% 2,865 -24.0% 4,568 5,458 -16.3%
Pending Sales 2,584 2,774 -6.8% 2,930 -11.8% 5,358 5,580 -4.0%
Days on Market 33 38 -13.2% 59 -44.1% 35 62 -43.5%
Price per Square Foot $130 $126 3.2% $113 15.0% $128 $112 14.3%
% of Ask Received 98.8% 98.2% 0.6% 97.2% 1.6% 98.5% 97.0% 1.5%
Active Inventory 1,577 1,918 -17.8% 3,925 -59.8%
Absorption Rate 0.7 0.9 -22.2% 1.9 -63.2%
2021 2020 YTDFeb 2021 Jan 2021 MOM Feb 2020 YOY
February 2021 Month over Month Change Year over Year Change Year to Date Change
2,178 -8.9% -24.0% -16.3%
0
1,000
2,000
3,000
4,000
5,000
6,000
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 2
February 2021 Month over Month Change Year over Year Change Year to Date Change
2,584 -6.8% -11.8% -4.0%
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
February 2021 Month over Month Change Year over Year Change Year to Date Change
2,243 8.2% 6.1% 8.7%
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 3
February 2021 Month over Month Change Year over Year Change Year to Date Change
33 -13.2% -44.1% -43.5%
0
10
20
30
40
50
60
70
80
February 2021 Month over Month Change Year over Year Change Year to Date Change
$223,500 5.4% 18.9% 18.4%
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 4
February 2021 Month over Month Change Year over Year Change Year to Date Change
$130 3.2% 15.0% 14.3%
$60
$70
$80
$90
$100
$110
$120
$130
$140
February 2021 Month over Month Change Year over Year Change Year to Date Change
98.8% 0.6% 1.6% 1.5%
95%
96%
97%
98%
99%
100%
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 5
February 2021 Month over Month Change Year over Year Change
1,577 -17.8% -59.8%
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
February 2021 Month over Month Change Year over Year Change
0.7 -22.2% -63.2%
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 6
Median Sales Price $193,450 $209,900 -7.8% $183,000 5.7% $199,000 $172,900 15.1%
Closed Sales 82 67 22.4% 83 -1.2% 149 135 10.4%
New Listings 69 71 -2.8% 89 -22.5% 140 193 -27.5%
Pending Sales 64 96 -33.3% 81 -21.0% 160 177 -9.6%
Days on Market 33 35 -5.7% 48 -31.3% 34 49 -30.6%
Price per Square Foot $129 $135 -4.4% $119 8.4% $132 $113 16.8%
% of Ask Received 97.7% 97.7% 0.0% 96.3% 1.5% 97.7% 95.6% 2.2%
Active Inventory 47 40 17.5% 127 -63.0%
Absorption Rate 0.6 0.6 0.0% 1.5 -60.0%
MOM YOY YTDFeb 2021 Jan 2021 Feb 2020 2021 2020
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
Median Sales Price
0
20
40
60
80
100
120
140
160
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 7
Median Sales Price $351,923 $297,000 18.5% $265,000 32.8% $317,000 $240,000 32.1%
Closed Sales 74 68 8.8% 54 37.0% 142 121 17.4%
New Listings 77 74 4.1% 104 -26.0% 151 201 -24.9%
Pending Sales 91 83 9.6% 105 -13.3% 174 198 -12.1%
Days on Market 29 47 -38.3% 71 -59.2% 38 83 -54.2%
Price per Square Foot $157 $145 8.3% $142 10.6% $151 $134 12.7%
% of Ask Received 98.4% 97.9% 0.5% 97.1% 1.3% 98.2% 96.6% 1.7%
Active Inventory 50 63 -20.6% 178 -71.9%
Absorption Rate 0.7 0.9 -22.2% 3.3 -78.8%
2021 2020 YTDFeb 2021 Jan 2021 MOM Feb 2020 YOY
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Median Sales Price
0
20
40
60
80
100
120
140
160
180
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 8
Median Sales Price $248,000 $310,000 -20.0% $316,000 -21.5% $249,000 $249,000 0.0%
Closed Sales 13 10 30.0% 13 0.0% 23 29 -20.7%
New Listings 23 19 21.1% 34 -32.4% 42 60 -30.0%
Pending Sales 20 23 -13.0% 21 -4.8% 43 44 -2.3%
Days on Market 74 48 54.2% 69 7.2% 60 81 -25.9%
Price per Square Foot $170 $203 -16.3% $201 -15.4% $184 $195 -5.6%
% of Ask Received 97.0% 94.8% 2.3% 96.0% 1.0% 96.0% 94.8% 1.3%
Active Inventory 24 18 33.3% 74 -67.6%
Absorption Rate 1.8 1.8 0.0% 5.7 -68.4%
Feb 2021 Jan 2021 MOM Feb 2020 YOY 2021 2020 YTD
$125,000
$175,000
$225,000
$275,000
$325,000
$375,000
Median Sales Price
05
101520253035404550
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 9
Median Sales Price $123,000 $158,000 -22.2% $146,000 -15.8% $153,000 $137,500 11.3%
Closed Sales 17 17 0.0% 18 -5.6% 34 36 -5.6%
New Listings 26 19 36.8% 25 4.0% 45 43 4.7%
Pending Sales 31 20 55.0% 35 -11.4% 51 60 -15.0%
Days on Market 35 63 -44.4% 72 -51.4% 46 72 -36.1%
Price per Square Foot $97 $115 -15.7% $99 -2.0% $106 $96 10.4%
% of Ask Received 96.8% 97.1% -0.3% 98.9% -2.1% 96.9% 96.8% 0.1%
Active Inventory 22 26 -15.4% 39 -43.6%
Absorption Rate 1.3 1.5 -13.3% 2.2 -40.9%
YTDFeb 2021 Jan 2021 Feb 2020 YOY 2021 2020MOM
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
Median Sales Price
05
101520253035404550
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0
Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 10
Median Sales Price $341,565 $336,500 1.5% $304,500 12.2% $340,000 $309,625 9.8%
Closed Sales 417 327 27.5% 404 3.2% 744 737 0.9%
New Listings 392 392 0.0% 530 -26.0% 784 983 -20.2%
Pending Sales 462 466 -0.9% 571 -19.1% 928 1,069 -13.2%
Days on Market 30 36 -16.7% 73 -58.9% 33 73 -54.8%
Price per Square Foot $153 $155 -1.3% $138 10.9% $154 $138 11.6%
% of Ask Received 99.8% 98.9% 0.9% 97.9% 1.9% 99.4% 97.8% 1.6%
Active Inventory 228 298 -23.5% 778 -70.7%
Absorption Rate 0.5 0.9 -44.4% 1.9 -73.7%
Feb 2021 Jan 2021 MOM Feb 2020 YOY 2021 2020 YTD
$220,000
$240,000
$260,000
$280,000
$300,000
$320,000
$340,000
$360,000
Median Sales Price
0100200300400500600700800900
1000
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 11
Median Sales Price $241,500 $226,384 6.7% $215,250 12.2% $239,000 $205,900 16.1%
Closed Sales 77 76 1.3% 100 -23.0% 153 163 -6.1%
New Listings 83 103 -19.4% 107 -22.4% 186 223 -16.6%
Pending Sales 105 103 1.9% 131 -19.8% 208 240 -13.3%
Days on Market 30 48 -37.5% 56 -46.4% 39 65 -40.0%
Price per Square Foot $124 $120 3.3% $110 12.7% $122 $108 13.0%
% of Ask Received 98.6% 97.4% 1.2% 98.0% 0.6% 98.0% 97.8% 0.2%
Active Inventory 65 86 -24.4% 142 -54.2%
Absorption Rate 0.8 1.1 -27.3% 1.4 -42.9%
2021 2020 YTDFeb 2021 Jan 2021 MOM Feb 2020 YOY
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
Median Sales Price
0
20
40
60
80
100
120
140
160
180
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 12
Median Sales Price $260,000 $243,500 6.8% $237,900 9.3% $255,309 $233,900 9.2%
Closed Sales 186 159 17.0% 157 18.5% 345 298 15.8%
New Listings 157 158 -0.6% 220 -28.6% 315 411 -23.4%
Pending Sales 171 203 -15.8% 232 -26.3% 374 438 -14.6%
Days on Market 21 31 -32.3% 51 -58.8% 26 60 -56.7%
Price per Square Foot $129 $128 0.8% $115 12.2% $129 $115 12.2%
% of Ask Received 100.3% 99.3% 1.0% 98.3% 2.0% 99.9% 98.2% 1.7%
Active Inventory 66 72 -8.3% 238 -72.3%
Absorption Rate 0.4 0.5 -20.0% 1.5 -73.3%
2020 YTDFeb 2021 Jan 2021 MOM Feb 2020 YOY 2021
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
$280,000
Median Sales Price
0
50
100
150
200
250
300
350
400
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0
Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 13
Median Sales Price $184,900 $144,950 27.6% $135,000 37.0% $158,400 $139,750 13.3%
Closed Sales 33 32 3.1% 27 22.2% 65 48 35.4%
New Listings 28 36 -22.2% 40 -30.0% 64 83 -22.9%
Pending Sales 36 49 -26.5% 42 -14.3% 85 81 4.9%
Days on Market 43 41 4.9% 144 -70.1% 42 104 -59.6%
Price per Square Foot $113 $101 11.9% $95 18.9% $107 $97 10.3%
% of Ask Received 98.1% 96.6% 1.6% 96.1% 2.1% 97.4% 96.5% 0.9%
Active Inventory 24 30 -20.0% 54 -55.6%
Absorption Rate 0.7 0.9 -22.2% 2.0 -65.0%
Feb 2021 Jan 2021 MOM Feb 2020 YOY 2021 2020 YTD
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
Median Sales Price
0
10
20
30
40
50
60
70
80
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 14
Median Sales Price $149,500 $154,450 -3.2% $138,250 8.1% $149,500 $133,500 12.0%
Closed Sales 18 16 12.5% 18 0.0% 34 29 17.2%
New Listings 7 18 -61.1% 20 -65.0% 25 49 -49.0%
Pending Sales 11 23 -52.2% 19 -42.1% 34 45 -24.4%
Days on Market 41 44 -6.8% 37 10.8% 43 52 -17.3%
Price per Square Foot $116 $110 5.5% $87 33.3% $113 $83 36.1%
% of Ask Received 96.2% 97.8% -1.6% 96.4% -0.2% 97.0% 94.5% 2.6%
Active Inventory 23 26 -11.5% 26 -11.5%
Absorption Rate 1.3 1.6 -18.8% 1.4 -7.1%
Feb 2021 Jan 2021 MOM Feb 2020 YOY 2021 2020 YTD
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
Median Sales Price
0
5
10
15
20
25
30
35
Feb
20
18
Ma
r 2
01
8
Ap
r 2
01
8
May
201
8
Jun
20
18
Jul 2
01
8
Au
g 2
01
8
Sep
20
18
Oct
20
18
No
v 2
01
8
De
c 2
01
8
Jan
20
19
Feb
20
19
Ma
r 2
01
9
Ap
r 2
01
9
May
201
9
Jun
20
19
Jul 2
01
9
Au
g 2
01
9
Sep
20
19
Oct
20
19
No
v 2
01
9
Dec
20
19
Jan
20
20
Feb
20
20
Ma
r 2
02
0
Ap
r 2
02
0
May
202
0
Jun
20
20
Jul 2
02
0
Au
g 2
02
0
Sep
20
20
Oct
20
20
No
v 2
02
0
Dec
20
20
Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 15
Median Sales Price $236,500 $228,250 3.6% $183,475 28.9% $233,250 $185,000 26.1%
Closed Sales 174 154 13.0% 150 16.0% 328 289 13.5%
New Listings 147 166 -11.4% 221 -33.5% 313 406 -22.9%
Pending Sales 173 200 -13.5% 237 -27.0% 373 422 -11.6%
Days on Market 20 27 -25.9% 48 -58.3% 24 54 -55.6%
Price per Square Foot $131 $134 -2.2% $118 11.0% $132 $116 13.8%
% of Ask Received 99.7% 98.6% 1.1% 97.7% 2.0% 99.2% 97.8% 1.4%
Active Inventory 73 87 -16.1% 251 -70.9%
Absorption Rate 0.4 0.6 -33.3% 1.7 -76.5%
Feb 2021 Jan 2021 MOM Feb 2020 YOY 2021 2020 YTD
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
Median Sales Price
0
50
100
150
200
250
300
350
400
Feb
20
18
Ma
r 2
01
8
Ap
r 2
01
8
May
201
8
Jun
20
18
Jul 2
01
8
Au
g 2
01
8
Sep
20
18
Oct
20
18
No
v 2
01
8
Dec
20
18
Jan
20
19
Feb
20
19
Ma
r 2
01
9
Ap
r 2
01
9
May
201
9
Jun
20
19
Jul 2
01
9
Au
g 2
01
9
Sep
20
19
Oct
20
19
No
v 2
01
9
De
c 2
01
9
Jan
20
20
Feb
20
20
Mar
20
20
Ap
r 2
02
0
May
202
0
Jun
20
20
Jul 2
02
0
Au
g 2
02
0
Sep
20
20
Oct
20
20
No
v 2
02
0
De
c 2
02
0Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 16
Median Sales Price $139,900 $146,750 -4.7% $108,500 28.9% $144,000 $115,000 25.2%
Closed Sales 111 114 -2.6% 103 7.8% 225 201 11.9%
New Listings 101 130 -22.3% 124 -18.5% 231 242 -4.5%
Pending Sales 164 149 10.1% 130 26.2% 313 255 22.7%
Days on Market 33 35 -5.7% 66 -50.0% 34 62 -45.2%
Price per Square Foot $92 $89 3.4% $71 29.6% $91 $74 23.0%
% of Ask Received 96.3% 97.1% -0.8% 96.6% -0.3% 96.7% 96.2% 0.5%
Active Inventory 69 127 -45.7% 210 -67.1%
Absorption Rate 0.6 1.1 -45.5% 2.0 -70.0%
2020 YTDFeb 2021 Jan 2021 MOM Feb 2020 YOY 2021
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
Median Sales Price
020406080
100120140160180200
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 17
Median Sales Price $184,000 $185,000 -0.5% $160,000 15.0% $185,000 $160,000 15.6%
Closed Sales 882 866 1.8% 827 6.7% 1,748 1,608 8.7%
New Listings 918 1,009 -9.0% 1147 -20.0% 1,927 2,150 -10.4%
Pending Sales 1,076 1,138 -5.4% 1122 -4.1% 2,214 2,155 2.7%
Days on Market 36 39 -7.7% 52 -30.8% 38 55 -30.9%
Price per Square Foot $125 $121 3.3% $105 19.0% $123 $103 19.4%
% of Ask Received 98.6% 98.3% 0.3% 96.6% 2.1% 98.4% 96.5% 2.0%
Active Inventory 764 878 -13.0% 1434 -46.7%
Absorption Rate 0.9 1.0 -10.0% 1.7 -47.1%
Feb 2021 Jan 2021 MOM Feb 2020 YOY 2021 2020 YTD
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
Median Sales Price
0
200
400
600
800
1000
1200
1400
1600
Feb
20
18
Ma
r 2
01
8
Ap
r 2
01
8
May
201
8
Jun
20
18
Jul 2
01
8
Au
g 2
01
8
Sep
20
18
Oct
20
18
No
v 2
01
8
Dec
20
18
Jan
20
19
Feb
20
19
Mar
20
19
Ap
r 2
01
9
May
201
9
Jun
20
19
Jul 2
01
9
Au
g 2
01
9
Sep
20
19
Oct
20
19
No
v 2
01
9
De
c 2
01
9
Jan
20
20
Feb
20
20
Ma
r 2
02
0
Ap
r 2
02
0
May
202
0
Jun
20
20
Jul 2
02
0
Au
g 2
02
0
Sep
20
20
Oct
20
20
No
v 2
02
0
Dec
20
20
Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 18
Median Sales Price $140,000 $135,400 3.4% $99,900 40.1% $139,200 $145,000 -4.0%
Closed Sales 39 31 25.8% 29 34.5% 70 55 27.3%
New Listings 38 34 11.8% 31 22.6% 72 79 -8.9%
Pending Sales 40 45 -11.1% 36 11.1% 85 79 7.6%
Days on Market 58 33 75.8% 75 -22.7% 45 69 -34.8%
Price per Square Foot $115 $100 15.0% $71 62.0% $109 $90 21.1%
% of Ask Received 98.1% 97.5% 0.6% 98.1% 0.0% 97.9% 97.9% 0.0%
Active Inventory 22 29 -24.1% 87 -74.7%
Absorption Rate 0.6 0.9 -33.3% 3.0 -80.0%
2021 2020 YTDFeb 2021 Jan 2021 MOM Feb 2020 YOY
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
Median Sales Price
0
10
20
30
40
50
60
70
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0
Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 19
Median Sales Price $201,500 $192,000 4.9% $170,000 18.5% $198,250 $171,000 15.9%
Closed Sales 64 62 3.2% 67 -4.5% 126 118 6.8%
New Listings 66 79 -16.5% 84 -21.4% 145 163 -11.0%
Pending Sales 71 84 -15.5% 89 -20.2% 155 170 -8.8%
Days on Market 28 38 -26.3% 58 -51.7% 33 68 -51.5%
Price per Square Foot $127 $122 4.1% $120 5.8% $125 $113 10.6%
% of Ask Received 98.5% 98.3% 0.2% 98.0% 0.5% 98.4% 98.1% 0.3%
Active Inventory 48 65 -26.2% 133 -63.9%
Absorption Rate 0.8 1.0 -20.0% 2.0 -60.0%
Feb 2021 Jan 2021 MOM Feb 2020 YOY 2021 2020 YTD
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
Median Sales Price
0
20
40
60
80
100
120
140
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0
Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 20
Median Sales Price $147,450 $156,000 -5.5% $175,000 -15.7% $155,000 $175,000 -11.4%
Closed Sales 30 45 -33.3% 31 -3.2% 75 47 59.6%
New Listings 22 38 -42.1% 41 -46.3% 60 83 -27.7%
Pending Sales 27 50 -46.0% 37 -27.0% 77 69 11.6%
Days on Market 41 41 0.0% 67 -38.8% 41 77 -46.8%
Price per Square Foot $115 $108 6.5% $112 2.7% $111 $106 4.7%
% of Ask Received 97.2% 98.3% -1.1% 98.5% -1.3% 97.8% 97.7% 0.1%
Active Inventory 24 33 -27.3% 86 -72.1%
Absorption Rate 0.8 0.7 14.3% 2.8 -71.4%
Feb 2021 Jan 2021 MOM Feb 2020 YOY 2021 2020 YTD
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
Median Sales Price
0
10
20
30
40
50
60
70
80
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 21
Median Sales Price $204,950 $155,000 32.2% $136,000 50.7% $167,500 $130,000 28.8%
Closed Sales 26 29 -10.3% 33 -21.2% 55 55 0.0%
New Listings 24 44 -45.5% 48 -50.0% 68 89 -23.6%
Pending Sales 42 42 0.0% 42 0.0% 84 78 7.7%
Days on Market 41 37 10.8% 44 -6.8% 39 55 -29.1%
Price per Square Foot $102 $107 -4.7% $88 15.9% $105 $93 12.9%
% of Ask Received 99.6% 95.2% 4.6% 95.1% 4.7% 97.3% 95.0% 2.4%
Active Inventory 28 40 -30.0% 68 -58.8%
Absorption Rate 1.1 1.4 -21.4% 2.1 -47.6%
Feb 2021 Jan 2021 MOM Feb 2020 YOY 2021 2020 YTD
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
Median Sales Price
0
10
20
30
40
50
60
70
80
Feb
201
8
Mar
201
8
Apr
201
8
May
201
8
Jun
2018
Jul 2
018
Aug
201
8
Sep
201
8
Oct
201
8
Nov
201
8
Dec
201
8
Jan
2019
Feb
201
9
Mar
201
9
Apr
201
9
May
201
9
Jun
2019
Jul 2
019
Aug
201
9
Sep
201
9
Oct
201
9
Nov
201
9
Dec
201
9
Jan
2020
Feb
202
0
Mar
202
0
Apr
202
0
May
202
0
Jun
2020
Jul 2
020
Aug
202
0
Sep
202
0
Oct
202
0
Nov
202
0
Dec
202
0Number of Closed Sales
© 2021 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS® Association 22
Median Sales Price $175,000 $180,000 -2.8% $185,000 -5.4% $180,000 $142,750 26.1%
Closed Sales 194 135 43.7% 187 3.7% 131 154 -14.9%
New Listings 159 194 -18.0% 230 -30.9% 192 210 -8.6%
Pending Sales 191 211 -9.5% 228 -16.2% 219 199 10.1%
Days on Market 39 39 0.0% 46 -15.2% 40 48 -16.7%
Price per Square Foot $131 $129 1.6% $120 9.2% $130 $115 13.0%
% of Ask Received 98.0% 98.2% -0.2% 97.9% 0.1% 98.2% 97.2% 1.0%
Active Inventory 233 266 -12.4% 306 -23.9%
Absorption Rate 1.2 2.0 -40.0% 1.6 -25.0%
2021 2020 YTDFeb 2021 Jan 2021 MOM Feb 2020 YOY
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
Median Sales Price
0
20
40
60
80
100
120
140
160
2/1
/20
18
3/1
/20
18
4/1/
201
8
5/1/
201
8
6/1
/20
18
7/1
/20
18
8/1/
201
8
9/1/
201
8
10
/1/2
01
8
11/1
/201
8
12/1
/201
8
1/1
/20
19
2/1
/20
19
3/1/
201
9
4/1/
201
9
5/1
/20
19
6/1
/20
19
7/1/
201
9
8/1/
201
9
9/1
/20
19
10/1
/201
9
11/1
/201
9
12
/1/2
01
9
1/1
/20
20
2/1/
202
0
3/1/
202
0
4/1
/20
20
5/1
/20
20
6/1/
202
0
7/1/
202
0
8/1
/20
20
9/1/
202
0
10/1
/202
0
11
/1/2
02
0
12
/1/2
02
0Number of Closed Sales
