market activity for the mibor realtor® association...market overview current prior year + / –...
TRANSCRIPT
Monthly Indicators
Quick Facts
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Months Supply of Inventory / Absorption Rate
Closed Sales
Median Sales Price
Average Sales Price
Percent of Original List Price Received
Inventory of Homes Available
Quarter-Over-Quarter Change in
Closed Sales
Quarter-Over-Quarter Change in
Median Sales Price
Year-Over-Year Change in Inventory
Market Overview
New Listings
Pending Sales
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2017 ShowingTime. | 1
March 2017We can comfortably say that the first quarter has been a good start for residential real estate in 2017. Even with continuous low housing supply and increasing home prices, sales have held their own in year-over-year comparisons and should improve during the busiest months of real estate.
Closed Sales were up 20.5 percent to 3,206. Pending Sales increased 5.2 percent to 3,283, and Inventory dropped 16.6 percent to 8,746.
Median Sales Price was up 4.9 percent to $156,000. Average Sales Price rose 4.0 percent in March. Absorption Rate was down 23.7 percent to 2.9.
The U.S. economy has improved for several quarters in a row, which has helped wage growth and retail consumption increase in year-over-year comparisons. Couple that with an unemployment rate that has been holding steady or dropping both nationally and in many localities, and consumer confidence is on the rise. As the economy continues to improve, home sales will flourish.
Active Listings and Closed Sales by Price Range
A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
+ 9.8% + 7.0% - 16.6%
Report reflects activity for the month reported to the BLC® on the 12th business day of the following month. It is a snapshot of reported activity. Totals rounded to whole number or tenth of a percent; rounding error may occur.
Market Overview
Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / –
Jan 2017 43,446 42,722 + 1.7% 18,094 17,861 + 1.3% 7,208 7,121 + 1.2% 2,581 2,552 + 1.1%
Feb 2017 43,420 43,022 + 0.9% 17,182 17,069 + 0.7% 7,585 7,673 - 1.1% 3,120 3,146 - 0.8%
Mar 2017 43,382 43,377 + 0.0% 17,877 18,007 - 0.7% 10,013 10,048 - 0.3% 4,312 4,350 - 0.9%
Jan 2017 32,436 30,681 + 5.7% 14,328 13,960 + 2.6% 6,186 6,133 + 0.9% 2,149 2,037 + 5.5%
Feb 2017 32,541 30,982 + 5.0% 13,817 13,740 + 0.6% 6,612 6,425 + 2.9% 2,550 2,445 + 4.3%
Mar 2017 32,702 31,425 + 4.1% 14,405 14,170 + 1.7% 7,982 7,604 + 5.0% 3,283 3,122 + 5.2%
Jan 2017 35,509 32,321 + 9.9% 16,652 15,004 + 11.0% 7,220 6,541 + 10.4% 1,806 1,730 + 4.4%
Feb 2017 35,509 32,495 + 9.3% 15,244 13,984 + 9.0% 6,555 6,368 + 2.9% 1,984 1,984 0.0%
Mar 2017 36,055 32,720 + 10.2% 15,254 13,857 + 10.1% 6,996 6,374 + 9.8% 3,206 2,660 + 20.5%
Jan 2017 $154,500 $147,900 + 4.5% $154,000 $145,000 + 6.2% $150,100 $142,000 + 5.7% $143,700 $137,500 + 4.5%
Feb 2017 $155,000 $148,000 + 4.7% $153,500 $142,000 + 8.1% $150,000 $139,900 + 7.2% $152,000 $135,000 + 12.6%
Mar 2017 $155,000 $148,263 + 4.5% $152,900 $142,500 + 7.3% $152,000 $142,000 + 7.0% $156,000 $148,750 + 4.9%
Jan 2017 $190,608 $183,947 + 3.6% $191,655 $181,691 + 5.5% $190,600 $180,625 + 5.5% $182,552 $172,016 + 6.1%
Feb 2017 $191,596 $184,076 + 4.1% $191,055 $178,550 + 7.0% $189,191 $176,205 + 7.4% $187,893 $170,125 + 10.4%
Mar 2017 $192,091 $184,508 + 4.1% $189,272 $178,668 + 5.9% $187,137 $175,620 + 6.6% $189,237 $182,023 + 4.0%
Jan 2017 94.8% 93.8% + 1.1% 94.5% 93.5% + 1.1% 93.9% 92.9% + 1.1% 93.5% 92.9% + 0.6%
Feb 2017 94.9% 93.8% + 1.2% 94.2% 93.2% + 1.1% 93.7% 92.9% + 0.9% 94.0% 92.9% + 1.2%
Mar 2017 94.9% 93.9% + 1.1% 94.2% 93.2% + 1.1% 94.2% 93.3% + 1.0% 94.8% 93.9% + 1.0%
Jan 2017 8,668 10,186 - 14.9%
Feb 2017 8,489 10,255 - 17.2%
Mar 2017 8,746 10,490 - 16.6%
Jan 2017 2.9 3.8 - 23.7%
Feb 2017 2.9 3.8 - 23.7%
Mar 2017 2.9 3.8 - 23.7%
Key market metrics for the current month as well as for rolling segments in which the given value represents 3, 6 or 12 months of activity.
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2017 ShowingTime. | 2
Rolling 12 Months MonthlyRolling 6 Months Rolling 3 Months
There are no rolling figures for Total Active Listings Available at Month End or Absorption Rate 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.Months Supply of Inventory / Absorption Rate
Pct. of Original List Price Received at Sale
Average Sales Price
Median Sales Price
Total Active Listings Available at Month End
Closed Sales
Pending Sales
New Listings
New ListingsA 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®). Report format © 2017 ShowingTime. | 3
42,513 43,377 43,382
2015 2016 2017
12 Month
17,248 18,007 17,877
2015 2016 2017
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 1-2017
Historical New Listings
9,637 10,048 10,013
2015 2016 2017
3 Month
3,9954,350 4,312
2015 2016 2017
March
One-Year Change:
Two-Year Change:
- 0.7%
+ 3.6%
One-Year Change:
Two-Year Change:
+ 0.0%
+ 2.0%
One-Year Change:
Two-Year Change:
- 0.9%
+ 7.9%
One-Year Change:
Two-Year Change:
- 0.3%
+ 3.9%
Pending SalesA 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®). Report format © 2017 ShowingTime. | 4
28,144
31,425 32,702
2015 2016 2017
12 Month
12,469
14,170 14,405
2015 2016 2017
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 1-2017
Historical Pending Sales
6,637
7,6047,982
2015 2016 2017
3 Month
2,679
3,1223,283
2015 2016 2017
March
One-Year Change:
Two-Year Change:
+ 1.7%
+ 15.5%
One-Year Change:
Two-Year Change:
+ 4.1%
+ 16.2%
One-Year Change:
Two-Year Change:
+ 5.2%
+ 22.5%
One-Year Change:
Two-Year Change:
+ 5.0%
+ 20.3%
Closed SalesA count of the actual sales that have closed in a given month.
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2017 ShowingTime. | 5
30,33432,720
36,055
2015 2016 2017
12 Month
13,01313,857
15,254
2015 2016 2017
6 Month
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017
Historical Closed Sales
5,8446,374
6,996
2015 2016 2017
3 Month
2,4352,660
3,206
2015 2016 2017
March
One-Year Change:
Two-Year Change:
+ 10.1%
+ 17.2%
One-Year Change:
Two-Year Change:
+ 10.2%
+ 18.9%
One-Year Change:
Two-Year Change:
+ 20.5%
+ 31.7%
One-Year Change:
Two-Year Change:
+ 9.8%
+ 19.7%
Median Sales PriceMedian price point for all closed sales, not accounting for seller concessions, in a given month.
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2017 ShowingTime. | 6
$140,000$148,263
$155,000
2015 2016 2017
12 Month
$136,000 $142,500$152,900
2015 2016 2017
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 1-2017
Historical Median Sales Price
$135,000$142,000
$152,000
2015 2016 2017
3 Month
$140,000$148,750
$156,000
2015 2016 2017
March
One-Year Change:
Two-Year Change:
+ 7.3%
+ 12.4%
One-Year Change:
Two-Year Change:
+ 4.5%
+ 10.7%
One-Year Change:
Two-Year Change:
+ 4.9%
+ 11.4%
One-Year Change:
Two-Year Change:
+ 7.0%
+ 12.6%
Average Sales PriceAverage sales price for all closed sales, not accounting for seller concessions, in a given month.
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2017 ShowingTime. | 7
$177,136 $184,508 $192,091
2015 2016 2017
12 Month
$173,710 $178,668$189,272
2015 2016 2017
6 Month
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017
Historical Average Sales Price
$170,328 $175,620$187,137
2015 2016 2017
3 Month
$175,991 $182,023 $189,237
2015 2016 2017
March
One-Year Change:
Two-Year Change:
+ 5.9%
+ 9.0%
One-Year Change:
Two-Year Change:
+ 4.1%
+ 8.4%
One-Year Change:
Two-Year Change:
+ 4.0%
+ 7.5%
One-Year Change:
+ 6.6%
+ 9.9%Two-Year Change:
Percent of Original List Price Received
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2017 ShowingTime. | 8
Percentage found when dividing a property’s sales price by its original list price, then taking the average for allproperties sold in a given month, not accounting for seller concessions.
93.3% 93.9% 94.9%
2015 2016 2017
12 Month92.5% 93.2% 94.2%
2015 2016 2017
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 1-2017
Historical Percent of Original List Price Received
92.3% 93.3% 94.2%
2015 2016 2017
3 Month
92.9% 93.9% 94.8%
2015 2016 2017
March
One-Year Change:
Two-Year Change:
+ 1.1%
+ 1.8%
One-Year Change:
Two-Year Change:
+ 1.1%
+ 1.7%
One-Year Change:
Two-Year Change:
+ 1.0%
+ 2.0%
One-Year Change:
Two-Year Change:
+ 1.0%
+ 2.1%
Inventory of Homes for Sale
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2017 ShowingTime. | 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 Homesfor Sale because this metric is simply a snapshot 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 1-2017
Historical Inventory of Homes Available
12,364 11,632 11,348 10,4908,746
2013 2014 2015 2016 2017
March
- 16.6%One-Year Change:
Two-Year Change:- 22.9%
Months Supply of Inventory / Absorption Rate
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2017 ShowingTime. | 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 figuresfor this metric because it is simply a snapshot frozen in time at the end of each month. It does not add up over a period of months.
0
1
2
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 1-2017
Historical Months Supply of Inventory / Absorption Rate
5.54.7 4.5
3.82.9
2013 2014 2015 2016 2017
March
- 35.6%
One-Year Change:
Two-Year Change:
- 23.7%
Active Listings by Price Range
By Price Range 3-2016 3-2017 Change 3-2016 3-2017 Change 2-2017 3-2017 Change 2-2017 3-2017 Change
$75,000 and Below 2,001 1,422 - 28.9% 168 103 - 38.7% 1,450 1,422 - 1.9% 100 103 + 3.0%
$75,001 to $120,000 1,447 979 - 32.3% 192 159 - 17.2% 1,063 979 - 7.9% 163 159 - 2.5%
$120,001 to $175,000 1,731 1,303 - 24.7% 207 142 - 31.4% 1,343 1,303 - 3.0% 146 142 - 2.7%
$175,001 to $200,000 590 500 - 15.3% 69 51 - 26.1% 467 500 + 7.1% 48 51 + 6.3%
$200,001 to $350,000 1,866 1,847 - 1.0% 164 139 - 15.2% 1,641 1,847 + 12.6% 138 139 + 0.7%
$350,001 to $500,000 950 1,003 + 5.6% 36 48 + 33.3% 912 1,003 + 10.0% 51 48 - 5.9%
$500,001 to $750,000 613 611 - 0.3% 10 23 + 130.0% 560 611 + 9.1% 20 23 + 15.0%
$750,001 to $1,000,000 234 216 - 7.7% 5 4 - 20.0% 201 216 + 7.5% 4 4 0.0%
$1,000,001 and Above 202 192 - 5.0% 5 4 - 20.0% 178 192 + 7.9% 4 4 0.0%
All Price Ranges 9,634 8,073 - 16.2% 856 673 - 21.4% 7,815 8,073 + 3.3% 674 673 - 0.1%
Closed Sales by Price Range
By Price Range 3-2016 3-2017 Change 3-2016 3-2017 Change 2-2017 3-2017 Change 2-2017 3-2017 Change
$75,000 and Below 360 410 + 13.9% 31 32 + 3.2% 299 410 + 37.1% 25 32 + 28.0%
$75,001 to $120,000 459 476 + 3.7% 46 80 + 73.9% 303 476 + 57.1% 47 80 + 70.2%
$120,001 to $175,000 679 800 + 17.8% 53 74 + 39.6% 481 800 + 66.3% 33 74 + 124.2%
$175,001 to $200,000 212 258 + 21.7% 14 22 + 57.1% 151 258 + 70.9% 13 22 + 69.2%
$200,001 to $350,000 509 679 + 33.4% 36 43 + 19.4% 399 679 + 70.2% 34 43 + 26.5%
$350,001 to $500,000 175 218 + 24.6% 4 9 + 125.0% 123 218 + 77.2% 5 9 + 80.0%
$500,001 to $750,000 57 82 + 43.9% 1 2 + 100.0% 47 82 + 74.5% 1 2 + 100.0%
$750,001 to $1,000,000 15 13 - 13.3% 3 -- -- 15 13 - 13.3% -- -- --
$1,000,001 and Above 6 8 + 33.3% -- -- -- 8 8 0.0% -- -- --
All Price Ranges 2,472 2,944 + 19.1% 188 262 + 39.4% 1,826 2,944 + 61.2% 158 262 + 65.8%
A measure of the number of homes available for sale at a given time by price range.
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2017 ShowingTime. | 11
A count of the actual sales that have closed in a given month by price range.
Compared to Prior Year Compared to Prior MonthSingle Family Condo Single Family Condo
Compared to Prior Year Compared to Prior MonthSingle Family Condo Single Family Condo
Market Overview
Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / –
Jan 2017 41,897 42,131 - 0.6% 17,359 17,414 - 0.3% 6,908 6,882 + 0.4% 2,468 2,467 + 0.0%
Feb 2017 41,836 42,338 - 1.2% 16,479 16,578 - 0.6% 7,274 7,435 - 2.2% 2,985 3,046 - 2.0%
Mar 2017 41,796 42,560 - 1.8% 17,157 17,415 - 1.5% 9,610 9,710 - 1.0% 4,157 4,197 - 1.0%
Jan 2017 31,210 30,237 + 3.2% 13,748 13,601 + 1.1% 5,938 5,929 + 0.2% 2,062 1,961 + 5.2%
Feb 2017 31,265 30,463 + 2.6% 13,238 13,340 - 0.8% 6,319 6,205 + 1.8% 2,412 2,357 + 2.3%
Mar 2017 31,423 30,798 + 2.0% 13,798 13,678 + 0.9% 7,632 7,318 + 4.3% 3,158 3,000 + 5.3%
Jan 2017 34,274 31,958 + 7.2% 16,020 14,718 + 8.8% 6,959 6,359 + 9.4% 1,739 1,667 + 4.3%
Feb 2017 34,244 32,094 + 6.7% 14,661 13,668 + 7.3% 6,312 6,183 + 2.1% 1,899 1,929 - 1.6%
Mar 2017 34,739 32,252 + 7.7% 14,661 13,501 + 8.6% 6,712 6,175 + 8.7% 3,074 2,579 + 19.2%
Jan 2017 $154,500 $147,500 + 4.7% $154,000 $145,000 + 6.2% $151,000 $142,000 + 6.3% $143,500 $137,038 + 4.7%
Feb 2017 $155,000 $147,999 + 4.7% $154,000 $142,000 + 8.5% $151,000 $139,900 + 7.9% $152,000 $135,000 + 12.6%
Mar 2017 $155,000 $148,000 + 4.7% $153,000 $142,500 + 7.4% $152,000 $141,900 + 7.1% $156,000 $149,900 + 4.1%
Jan 2017 $190,723 $183,686 + 3.8% $192,222 $181,281 + 6.0% $191,132 $180,422 + 5.9% $182,403 $171,584 + 6.3%
Feb 2017 $191,778 $183,891 + 4.3% $191,699 $178,218 + 7.6% $189,594 $176,112 + 7.7% $189,102 $170,326 + 11.0%
Mar 2017 $192,295 $184,352 + 4.3% $189,905 $178,628 + 6.3% $187,691 $175,739 + 6.8% $189,797 $182,429 + 4.0%
Jan 2017 94.8% 93.7% + 1.2% 94.5% 93.4% + 1.2% 93.9% 92.9% + 1.1% 93.5% 92.8% + 0.8%
Feb 2017 94.9% 93.8% + 1.2% 94.2% 93.1% + 1.2% 93.7% 92.8% + 1.0% 94.0% 92.8% + 1.3%
Mar 2017 95.0% 93.9% + 1.2% 94.2% 93.2% + 1.1% 94.3% 93.3% + 1.1% 94.8% 93.8% + 1.1%
Jan 2017 8,298 9,880 - 16.0%
Feb 2017 8,140 9,951 - 18.2%
Mar 2017 8,391 10,119 - 17.1%
Jan 2017 2.9 3.7 - 21.6%
Feb 2017 2.9 3.7 - 21.6%
Mar 2017 2.9 3.8 - 23.7%
Key market metrics for the current month as well as for rolling segments in which the given value represents 3, 6 or 12 months of activity.
In the Counties of: Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Jonson County, Madison County, Maron County, Montgomery County, Morgan County, Putnam County, Shelby County
Monthly
There are no rolling figures for Total Active Listings Available at Month End or Absorption Rate 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.Months Supply of Inventory / Absorption Rate
New Listings
Rolling 12 Months Rolling 6 Months Rolling 3 Months
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2017 ShowingTime. | 12
Pending Sales
Closed Sales
Median Sales Price
Average Sales Price
Pct. of Original List Price Received at Sale
Total Active Listings Available at Month End
2016 2017 + / – 2016 2017 + / –
New Listings 549 347 - 36.8% 239 137 - 42.7%
Closed Sales 332 230 - 30.7% 132 109 - 17.4%
Median Sales Price* $144,900 $165,500 + 14.2% $148,500 $165,500 + 11.4%
Average Sales Price* $172,491 $188,651 + 9.4% $169,278 $188,245 + 11.2%
Percent of Original List Price Received at Sale* 95.0% 94.1% - 0.9% 94.7% 94.5% - 0.2%
Absorption Rate 5.6 2.8 - 49.9%
Single-Family Detached Inventory 543 293 - 46.0%
Townhouse-Condo Inventory 13 10 - 23.1%
** 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 © 2017 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.
Bartholomew County
Indianapolis Metro Area
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Bartholomew County
- 42.7% - 17.4% + 11.4%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
239
132137109
New Listings Closed Sales
March 2016 2017
549
332347
230
New Listings Closed Sales
Jan through Mar 2016 2017
- 17.4%- 42.7%- 30.7%- 36.8%
2016 2017 + / – 2016 2017 + / –
New Listings 370 345 - 6.8% 160 157 - 1.9%
Closed Sales 194 245 + 26.3% 70 125 + 78.6%
Median Sales Price* $215,000 $210,319 - 2.2% $250,000 $211,160 - 15.5%
Average Sales Price* $263,986 $290,331 + 10.0% $294,341 $281,675 - 4.3%
Percent of Original List Price Received at Sale* 94.2% 95.4% + 1.2% 95.1% 95.2% + 0.1%
Absorption Rate 4.2 2.9 - 30.3%
Single-Family Detached Inventory 386 310 - 19.7%
Townhouse-Condo Inventory 11 9 - 18.2%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Boone County
- 1.9% + 78.6% - 15.5%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
160
70
157
125
New Listings Closed Sales
March 2016 2017
370
194
345
245
New Listings Closed Sales
Jan through Mar 2016 2017
+ 78.6%- 1.9%+ 26.3%- 6.8%
2016 2017 + / – 2016 2017 + / –
New Listings 101 107 + 5.9% 50 49 - 2.0%
Closed Sales 52 54 + 3.8% 21 23 + 9.5%
Median Sales Price* $198,000 $165,000 - 16.7% $241,500 $169,000 - 30.0%
Average Sales Price* $210,753 $192,372 - 8.7% $228,337 $223,235 - 2.2%
Percent of Original List Price Received at Sale* 90.2% 91.3% + 1.1% 93.1% 91.8% - 1.4%
Absorption Rate 14.3 10.4 - 27.5%
Single-Family Detached Inventory 278 249 - 10.4%
Townhouse-Condo Inventory 6 8 + 33.3%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Brown County
- 2.0% + 9.5% - 30.0%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
50
21
49
23
New Listings Closed Sales
March 2016 2017
101
52
107
54
New Listings Closed Sales
Jan through Mar 2016 2017
+ 9.5%- 2.0%+ 3.8%+ 5.9%
2016 2017 + / – 2016 2017 + / –
New Listings 77 97 + 26.0% 29 40 + 37.9%
Closed Sales 54 62 + 14.8% 26 24 - 7.7%
Median Sales Price* $105,000 $122,638 + 16.8% $102,500 $130,188 + 27.0%
Average Sales Price* $118,229 $134,551 + 13.8% $114,333 $147,897 + 29.4%
Percent of Original List Price Received at Sale* 89.6% 94.0% + 4.9% 88.8% 95.4% + 7.4%
Absorption Rate 4.5 4.6 + 1.2%
Single-Family Detached Inventory 102 104 + 2.0%
Townhouse-Condo Inventory 0 0 --
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Decatur County
+ 37.9% - 7.7% + 27.0%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
2926
40
24
New Listings Closed Sales
March 2016 2017
77
54
97
62
New Listings Closed Sales
Jan through Mar 2016 2017
- 7.7%+ 37.9%+ 14.8%+ 26.0%
2016 2017 + / – 2016 2017 + / –
New Listings 2,033 1,962 - 3.5% 896 909 + 1.5%
Closed Sales 1,229 1,258 + 2.4% 545 577 + 5.9%
Median Sales Price* $222,000 $250,000 + 12.6% $232,000 $260,056 + 12.1%
Average Sales Price* $272,467 $291,542 + 7.0% $274,630 $294,355 + 7.2%
Percent of Original List Price Received at Sale* 95.7% 96.3% + 0.6% 96.2% 96.7% + 0.6%
Absorption Rate 3.1 2.9 - 7.9%
Single-Family Detached Inventory 1,589 1,563 - 1.6%
Townhouse-Condo Inventory 170 122 - 28.2%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Hamilton County
+ 1.5% + 5.9% + 12.1%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
896
545
909
577
New Listings Closed Sales
March 2016 2017
2,033
1,229
1,962
1,258
New Listings Closed Sales
Jan through Mar 2016 2017
+ 5.9%+ 1.5%+ 2.4%- 3.5%
2016 2017 + / – 2016 2017 + / –
New Listings 349 316 - 9.5% 131 126 - 3.8%
Closed Sales 233 250 + 7.3% 97 110 + 13.4%
Median Sales Price* $144,700 $161,000 + 11.3% $139,450 $166,500 + 19.4%
Average Sales Price* $163,294 $179,978 + 10.2% $164,686 $178,462 + 8.4%
Percent of Original List Price Received at Sale* 94.4% 94.0% - 0.5% 94.3% 94.1% - 0.3%
Absorption Rate 3.1 2.4 - 23.7%
Single-Family Detached Inventory 322 256 - 20.5%
Townhouse-Condo Inventory 6 11 + 83.3%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Hancock County
- 3.8% + 13.4% + 19.4%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
131
97
126110
New Listings Closed Sales
March 2016 2017
349
233
316
250
New Listings Closed Sales
Jan through Mar 2016 2017
+ 13.4%- 3.8%+ 7.3%- 9.5%
2016 2017 + / – 2016 2017 + / –
New Listings 764 815 + 6.7% 332 339 + 2.1%
Closed Sales 507 623 + 22.9% 232 296 + 27.6%
Median Sales Price* $160,000 $177,750 + 11.1% $173,000 $176,500 + 2.0%
Average Sales Price* $182,591 $201,895 + 10.6% $192,842 $202,091 + 4.8%
Percent of Original List Price Received at Sale* 94.8% 95.9% + 1.1% 95.5% 96.1% + 0.7%
Absorption Rate 2.9 2.4 - 18.4%
Single-Family Detached Inventory 655 578 - 11.8%
Townhouse-Condo Inventory 43 38 - 11.6%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Hendricks County
+ 2.1% + 27.6% + 2.0%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
332
232
339296
New Listings Closed Sales
March 2016 2017
764
507
815
623
New Listings Closed Sales
Jan through Mar 2016 2017
+ 27.6%+ 2.1%+ 22.9%+ 6.7%
2016 2017 + / – 2016 2017 + / –
New Listings 34 56 + 64.7% 11 18 + 63.6%
Closed Sales 31 54 + 74.2% 12 23 + 91.7%
Median Sales Price* $58,900 $114,900 + 95.1% $86,000 $120,000 + 39.5%
Average Sales Price* $102,989 $111,278 + 8.0% $123,992 $119,804 - 3.4%
Percent of Original List Price Received at Sale* 91.7% 91.6% - 0.1% 89.2% 93.6% + 4.9%
Absorption Rate 4.3 3.2 - 25.9%
Single-Family Detached Inventory 59 52 - 11.9%
Townhouse-Condo Inventory 0 0 --
** 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 © 2017 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.
Jennings County
Indianapolis Metro Area
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Jennings County
+ 63.6% + 91.7% + 39.5%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
11 12
18
23
New Listings Closed Sales
March 2016 2017
34 31
56 54
New Listings Closed Sales
Jan through Mar 2016 2017
+ 91.7%+ 63.6%+ 74.2%+ 64.7%
2016 2017 + / – 2016 2017 + / –
New Listings 765 729 - 4.7% 317 316 - 0.3%
Closed Sales 496 512 + 3.2% 216 232 + 7.4%
Median Sales Price* $148,450 $156,000 + 5.1% $155,000 $165,250 + 6.6%
Average Sales Price* $180,688 $194,812 + 7.8% $178,333 $197,813 + 10.9%
Percent of Original List Price Received at Sale* 93.9% 95.7% + 1.9% 94.5% 96.0% + 1.6%
Absorption Rate 3.0 2.5 - 16.0%
Single-Family Detached Inventory 643 563 - 12.4%
Townhouse-Condo Inventory 30 26 - 13.3%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Johnson County
- 0.3% + 7.4% + 6.6%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
317
216
316
232
New Listings Closed Sales
March 2016 2017
765
496
729
512
New Listings Closed Sales
Jan through Mar 2016 2017
+ 7.4%- 0.3%+ 3.2%- 4.7%
2016 2017 + / – 2016 2017 + / –
New Listings 480 453 - 5.6% 197 162 - 17.8%
Closed Sales 326 343 + 5.2% 141 161 + 14.2%
Median Sales Price* $79,455 $85,500 + 7.6% $76,750 $88,450 + 15.2%
Average Sales Price* $95,314 $94,906 - 0.4% $100,132 $97,584 - 2.5%
Percent of Original List Price Received at Sale* 88.5% 90.5% + 2.2% 89.1% 90.1% + 1.1%
Absorption Rate 4.8 3.4 - 29.0%
Single-Family Detached Inventory 569 431 - 24.3%
Townhouse-Condo Inventory 37 16 - 56.8%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Madison County
- 17.8% + 14.2% + 15.2%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
197
141162 161
New Listings Closed Sales
March 2016 2017
480
326
453
343
New Listings Closed Sales
Jan through Mar 2016 2017
+ 14.2%- 17.8%+ 5.2%- 5.6%
2016 2017 + / – 2016 2017 + / –
New Listings 4,043 4,070 + 0.7% 1,755 1,750 - 0.3%
Closed Sales 2,626 2,860 + 8.9% 1,069 1,295 + 21.1%
Median Sales Price* $117,500 $125,000 + 6.4% $124,000 $129,700 + 4.6%
Average Sales Price* $139,856 $150,229 + 7.4% $145,735 $152,286 + 4.5%
Percent of Original List Price Received at Sale* 92.6% 93.6% + 1.1% 93.1% 94.6% + 1.6%
Absorption Rate 3.9 2.8 - 28.6%
Single-Family Detached Inventory 3,764 2,938 - 21.9%
Townhouse-Condo Inventory 512 397 - 22.5%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Marion County
- 0.3% + 21.1% + 4.6%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
1,755
1,069
1,750
1,295
New Listings Closed Sales
March 2016 2017
4,043
2,626
4,070
2,860
New Listings Closed Sales
Jan through Mar 2016 2017
+ 21.1%- 0.3%+ 8.9%+ 0.7%
2016 2017 + / – 2016 2017 + / –
New Listings 140 127 - 9.3% 70 55 - 21.4%
Closed Sales 89 90 + 1.1% 31 38 + 22.6%
Median Sales Price* $78,000 $98,000 + 25.6% $87,500 $97,000 + 10.9%
Average Sales Price* $91,679 $109,872 + 19.8% $94,524 $112,380 + 18.9%
Percent of Original List Price Received at Sale* 90.7% 93.0% + 2.5% 90.8% 94.4% + 4.0%
Absorption Rate 4.6 3.2 - 29.2%
Single-Family Detached Inventory 177 130 - 26.6%
Townhouse-Condo Inventory 1 9 + 800.0%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Montgomery County
- 21.4% + 22.6% + 10.9%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
70
31
55
38
New Listings Closed Sales
March 2016 2017
140
89
127
90
New Listings Closed Sales
Jan through Mar 2016 2017
+ 22.6%- 21.4%+ 1.1%- 9.3%
2016 2017 + / – 2016 2017 + / –
New Listings 263 286 + 8.7% 128 117 - 8.6%
Closed Sales 185 202 + 9.2% 66 98 + 48.5%
Median Sales Price* $129,000 $133,000 + 3.1% $126,650 $133,000 + 5.0%
Average Sales Price* $152,902 $151,752 - 0.8% $155,118 $142,897 - 7.9%
Percent of Original List Price Received at Sale* 92.2% 93.1% + 0.9% 91.9% 92.7% + 0.8%
Absorption Rate 4.7 3.3 - 30.3%
Single-Family Detached Inventory 371 284 - 23.5%
Townhouse-Condo Inventory 8 10 + 25.0%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Morgan County
- 8.6% + 48.5% + 5.0%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
128
66
11798
New Listings Closed Sales
March 2016 2017
263
185
286
202
New Listings Closed Sales
Jan through Mar 2016 2017
+ 48.5%- 8.6%+ 9.2%+ 8.7%
2016 2017 + / – 2016 2017 + / –
New Listings 174 135 - 22.4% 72 68 - 5.6%
Closed Sales 86 80 - 7.0% 27 35 + 29.6%
Median Sales Price* $98,000 $125,000 + 27.6% $117,000 $136,000 + 16.2%
Average Sales Price* $112,744 $133,519 + 18.4% $133,471 $142,920 + 7.1%
Percent of Original List Price Received at Sale* 90.9% 92.3% + 1.6% 92.8% 91.0% - 1.9%
Absorption Rate 5.7 3.9 - 32.5%
Single-Family Detached Inventory 209 160 - 23.4%
Townhouse-Condo Inventory 12 5 - 58.3%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Putnam County
- 5.6% + 29.6% + 16.2%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
72
27
68
35
New Listings Closed Sales
March 2016 2017
174
86
135
80
New Listings Closed Sales
Jan through Mar 2016 2017
+ 29.6%- 5.6%- 7.0%- 22.4%
2016 2017 + / – 2016 2017 + / –
New Listings 151 168 + 11.3% 60 69 + 15.0%
Closed Sales 98 133 + 35.7% 38 60 + 57.9%
Median Sales Price* $113,000 $106,750 - 5.5% $115,000 $106,500 - 7.4%
Average Sales Price* $137,668 $122,259 - 11.2% $138,144 $120,570 - 12.7%
Percent of Original List Price Received at Sale* 89.2% 89.7% + 0.5% 91.5% 91.7% + 0.2%
Absorption Rate 5.2 3.6 - 30.8%
Single-Family Detached Inventory 210 162 - 22.9%
Townhouse-Condo Inventory 8 12 + 50.0%
** 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 © 2017 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
Change inClosed Sales
Change in Median Sales Price
Local Market Update – March 2017 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.
MarchJan through Mar
Shelby County
+ 15.0% + 57.9% - 7.4%Change in
New Listings
- 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 7-2016 1-2017
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
60
38
6960
New Listings Closed Sales
March 2016 2017
151
98
168
133
New Listings Closed Sales
Jan through Mar 2016 2017
+ 57.9%+ 15.0%+ 35.7%+ 11.3%