market activity for the mibor realtor® association...market overview current prior year + / –...

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Monthly Indicators Quick Facts 2 3 4 5 6 7 8 9 10 11 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 2017 We 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.

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Page 1: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

Monthly Indicators

Quick Facts

234567891011

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.

Page 2: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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

Page 3: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 4: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 5: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 6: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 7: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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:

Page 8: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 9: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 10: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 11: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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

Page 12: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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

Page 13: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 14: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 15: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 16: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 17: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 18: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 19: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 20: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 21: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 22: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 23: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 24: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 25: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 26: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%

Page 27: Market Activity for the MIBOR REALTOR® ASSOCIATION...Market Overview Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Jan

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%