monthly indicators - mibor realtor® association...july 2016 as we began to see last month, the pace...
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 © 2016 ShowingTime. | 1
July 2016
As we began to see last month, the pace of Closed Sales has slowed as inventory concerns persist in the region. Homes are selling faster now than they have in the past several years. This creates a situation where buyers need to move fast in order to secure homes, and they may have to pay more for them. While increasing prices generally coax more selling activity, there has been some hesitancy among potential sellers who worry that they will not be able to buy a desirable and reasonably priced home once they sell.
Closed Sales were up 0.4 percent in July over last July and up 7.8 percent in the three months ending in July when compared to the same time period last year. Pending Sales rose 2.1 percent for the month and 5.4 percent for the three months ending in July.
Median Sales Price was up 2.5 percent in July to $158,900. Absorption Rate or Months Supply of Inventory was down 18.4 percent to 4.0 months.
Low housing supply has already prevented an outright national boon in sales activity, despite a continuation of near record-low mortgage rates and an unemployment rate under 5.0 percent deep into 2016. The issue is not purchasing power. Sellers continue to be in a premium position to capitalize on market conditions.
Active Listings and Closed Sales by Price Range
A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
+ 7.8% + 3.2% - 11.7%
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 OverviewKey market metrics for the current month and year-to-date figures.
Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / –
May 2016 43,111 42,745 + 0.9% 21,023 20,877 + 0.7% 13,350 13,261 + 0.7% 4,453 4,541 - 1.9%
Jun 2016 43,066 42,911 + 0.4% 23,651 23,551 + 0.4% 13,603 13,914 - 2.2% 4,603 4,648 - 1.0%
Jul 2016 43,213 42,693 + 1.2% 25,352 24,861 + 2.0% 13,309 13,295 + 0.1% 4,253 4,106 + 3.6%
May 2016 31,769 28,770 + 10.4% 16,048 14,424 + 11.3% 9,623 8,836 + 8.9% 3,266 3,089 + 5.7%
Jun 2016 32,009 28,992 + 10.4% 17,294 15,743 + 9.9% 9,690 9,106 + 6.4% 3,189 2,949 + 8.1%
Jul 2016 32,068 29,259 + 9.6% 18,108 16,721 + 8.3% 9,306 8,830 + 5.4% 2,851 2,792 + 2.1%
May 2016 33,646 30,772 + 9.3% 15,850 14,120 + 12.3% 9,482 8,331 + 13.8% 3,750 3,162 + 18.6%
Jun 2016 33,847 31,324 + 8.1% 17,094 15,437 + 10.7% 10,720 9,593 + 11.7% 3,898 3,697 + 5.4%
Jul 2016 33,861 31,753 + 6.6% 18,857 17,317 + 8.9% 11,141 10,338 + 7.8% 3,493 3,479 + 0.4%
May 2016 $149,350 $142,500 + 4.8% $148,000 $140,500 + 5.3% $153,000 $148,500 + 3.0% $159,000 $153,000 + 3.9%
Jun 2016 $150,000 $144,000 + 4.2% $152,000 $146,000 + 4.1% $158,000 $153,000 + 3.3% $163,000 $158,000 + 3.2%
Jul 2016 $150,000 $145,000 + 3.4% $154,900 $149,900 + 3.3% $160,000 $155,000 + 3.2% $158,900 $155,000 + 2.5%
May 2016 $185,147 $179,145 + 3.4% $182,305 $177,357 + 2.8% $186,369 $182,371 + 2.2% $190,769 $186,765 + 2.1%
Jun 2016 $186,320 $180,005 + 3.5% $187,066 $181,702 + 3.0% $193,824 $188,566 + 2.8% $203,913 $194,259 + 5.0%
Jul 2016 $186,155 $181,380 + 2.6% $189,685 $185,897 + 2.0% $196,329 $192,377 + 2.1% $193,845 $195,481 - 0.8%
May 2016 94.1% 93.4% + 0.7% 94.1% 93.1% + 1.1% 94.9% 93.9% + 1.1% 95.7% 94.5% + 1.3%
Jun 2016 94.2% 93.5% + 0.7% 94.7% 93.7% + 1.1% 95.6% 94.5% + 1.2% 96.0% 94.9% + 1.2%
Jul 2016 94.4% 93.5% + 1.0% 95.1% 94.0% + 1.2% 95.8% 94.7% + 1.2% 95.7% 94.6% + 1.2%
May 2016 10,944 12,353 - 11.4%
Jun 2016 11,150 12,857 - 13.3%
Jul 2016 11,377 12,878 - 11.7%
May 2016 3.9 4.8 - 18.8%
Jun 2016 4.0 4.9 - 18.4%
Jul 2016 4.0 4.9 - 18.4%
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2016 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 © 2016 ShowingTime. | 3
41,269 42,693 43,213
2014 2015 2016
12 Month
24,323 24,861 25,352
2014 2015 2016
6 Month
1,000
2,000
3,000
4,000
5,000
6,000
7,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical New Listings
13,396 13,295 13,309
2014 2015 2016
3 Month
4,3244,106 4,253
2014 2015 2016
July
One-Year Change:
Two-Year Change:
+ 2.0%
+ 4.2%
One-Year Change:
Two-Year Change:
+ 1.2%
+ 4.7%
One-Year Change:
Two-Year Change:
+ 3.6%
- 1.6%
One-Year Change:
Two-Year Change:
+ 0.1%
- 0.6%
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 © 2016 ShowingTime. | 4
26,52129,259
32,068
2014 2015 2016
12 Month
15,11316,721
18,108
2014 2015 2016
6 Month
1,000
1,500
2,000
2,500
3,000
3,500
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical Pending Sales
8,0798,830
9,306
2014 2015 2016
3 Month
2,5252,792 2,851
2014 2015 2016
July
One-Year Change:
Two-Year Change:
+ 8.3%
+ 19.8%
One-Year Change:
Two-Year Change:
+ 9.6%
+ 20.9%
One-Year Change:
Two-Year Change:
+ 2.1%
+ 12.9%
One-Year Change:
Two-Year Change:
+ 5.4%
+ 15.2%
Closed SalesA count of the actual sales that have closed in a given month.
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2016 ShowingTime. | 5
28,90131,753
33,861
2014 2015 2016
12 Month
15,400
17,31718,857
2014 2015 2016
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
Historical Closed Sales
9,22910,338
11,141
2014 2015 2016
3 Month
3,050
3,479 3,493
2014 2015 2016
July
One-Year Change:
Two-Year Change:
+ 8.9%
+ 22.4%
One-Year Change:
Two-Year Change:
+ 6.6%
+ 17.2%
One-Year Change:
Two-Year Change:
+ 0.4%
+ 14.5%
One-Year Change:
Two-Year Change:
+ 7.8%
+ 20.7%
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 © 2016 ShowingTime. | 6
$137,000$145,000 $150,000
2014 2015 2016
12 Month
$140,000$149,900 $154,900
2014 2015 2016
6 Month
$90,000
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical Median Sales Price
$145,000$155,000 $160,000
2014 2015 2016
3 Month
$145,000$155,000 $158,900
2014 2015 2016
July
One-Year Change:
Two-Year Change:
+ 3.3%
+ 10.6%
One-Year Change:
Two-Year Change:
+ 3.4%
+ 9.5%
One-Year Change:
Two-Year Change:
+ 2.5%
+ 9.6%
One-Year Change:
Two-Year Change:
+ 3.2%
+ 10.3%
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 © 2016 ShowingTime. | 7
$172,695$181,380 $186,155
2014 2015 2016
12 Month
$175,646$185,897 $189,685
2014 2015 2016
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
Historical Average Sales Price
$182,680$192,377 $196,329
2014 2015 2016
3 Month
$183,449$195,481 $193,845
2014 2015 2016
July
One-Year Change:
Two-Year Change:
+ 2.0%
+ 8.0%
One-Year Change:
Two-Year Change:
+ 2.6%
+ 7.8%
One-Year Change:
Two-Year Change:
- 0.8%
+ 5.7%
One-Year Change:
+ 2.1%
+ 7.5%Two-Year Change:
Percent of Original List Price Received
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2016 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.
92.9% 93.5% 94.4%
2014 2015 2016
12 Month93.7% 94.0% 95.1%
2014 2015 2016
6 Month
84%
86%
88%
90%
92%
94%
96%
98%
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical Percent of Original List Price Received
94.3% 94.7% 95.8%
2014 2015 2016
3 Month
94.2% 94.6% 95.7%
2014 2015 2016
July
One-Year Change:
Two-Year Change:
+ 1.2%
+ 1.5%
One-Year Change:
Two-Year Change:
+ 1.0%
+ 1.6%
One-Year Change:
Two-Year Change:
+ 1.2%
+ 1.6%
One-Year Change:
Two-Year Change:
+ 1.2%
+ 1.6%
Inventory of Homes for Sale
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2016 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
Historical Inventory of Homes Available
15,64313,786 14,165
12,87811,377
2012 2013 2014 2015 2016
July
- 11.7%One-Year Change:
Two-Year Change:- 19.7%
Months Supply of Inventory / Absorption Rate
Data obtained from the Broker Listing Cooperative® (BLC®). Report format © 2016 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.
3
4
5
6
7
8
9
10
11
12
13
1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
Historical Months Supply of Inventory / Absorption Rate
7.8
5.6 5.94.9
4.0
2012 2013 2014 2015 2016
July
- 32.2%
One-Year Change:
Two-Year Change:
- 18.4%
Active Listings by Price Range
By Price Range 7-2015 7-2016 Change 7-2015 7-2016 Change 6-2016 7-2016 Change 6-2016 7-2016 Change
$75,000 and Below 2,322 1,966 - 15.3% 211 152 - 28.0% 1,968 1,966 - 0.1% 143 152 + 6.3%
$75,001 to $120,000 2,325 1,505 - 35.3% 329 204 - 38.0% 1,438 1,505 + 4.7% 186 204 + 9.7%
$120,001 to $175,000 2,148 1,898 - 11.6% 177 188 + 6.2% 1,847 1,898 + 2.8% 195 188 - 3.6%
$175,001 to $200,000 1,687 684 - 59.5% 149 71 - 52.3% 671 684 + 1.9% 75 71 - 5.3%
$200,001 to $350,000 1,287 2,176 + 69.1% 53 169 + 218.9% 2,117 2,176 + 2.8% 153 169 + 10.5%
$350,001 to $500,000 1,032 1,139 + 10.4% 45 40 - 11.1% 1,111 1,139 + 2.5% 38 40 + 5.3%
$500,001 to $750,000 638 685 + 7.4% 17 18 + 5.9% 704 685 - 2.7% 15 18 + 20.0%
$750,001 to $1,000,000 233 243 + 4.3% 4 7 + 75.0% 250 243 - 2.8% 3 7 + 133.3%
$1,000,001 and Above 213 227 + 6.6% 8 5 - 37.5% 230 227 - 1.3% 6 5 - 16.7%
All Price Ranges 11,885 10,523 - 11.5% 993 854 - 14.0% 10,336 10,523 + 1.8% 814 854 + 4.9%
Closed Sales by Price Range
By Price Range 7-2015 7-2016 Change 7-2015 7-2016 Change 6-2016 7-2016 Change 6-2016 7-2016 Change
$75,000 and Below 340 384 + 12.9% 33 29 - 12.1% 360 384 + 6.7% 32 29 - 9.4%
$75,001 to $120,000 672 563 - 16.2% 82 70 - 14.6% 575 563 - 2.1% 82 70 - 14.6%
$120,001 to $175,000 819 891 + 8.8% 63 73 + 15.9% 1,002 891 - 11.1% 91 73 - 19.8%
$175,001 to $200,000 612 290 - 52.6% 40 27 - 32.5% 306 290 - 5.2% 32 27 - 15.6%
$200,001 to $350,000 408 725 + 77.7% 24 47 + 95.8% 860 725 - 15.7% 66 47 - 28.8%
$350,001 to $500,000 255 257 + 0.8% 9 15 + 66.7% 320 257 - 19.7% 6 15 + 150.0%
$500,001 to $750,000 85 84 - 1.2% -- 3 -- 117 84 - 28.2% 3 3 0.0%
$750,001 to $1,000,000 23 29 + 26.1% -- -- -- 34 29 - 14.7% -- -- --
$1,000,001 and Above 13 6 - 53.8% 1 -- -- 12 6 - 50.0% -- -- --
All Price Ranges 3,227 3,229 + 0.1% 252 264 + 4.8% 3,586 3,229 - 10.0% 312 264 - 15.4%
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 © 2016 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
2015 2016 + / – 2015 2016 + / –
New Listings 502 445 - 11.4% 140 135 - 3.6%
Closed Sales 409 432 + 5.6% 147 162 + 10.2%
Median Sales Price* $237,000 $242,301 + 2.2% $282,000 $260,000 - 7.8%
Average Sales Price* $294,283 $297,209 + 1.0% $317,621 $304,378 - 4.2%
Percent of Original List Price Received at Sale* 95.6% 95.9% + 0.3% 95.8% 95.9% + 0.1%
Absorption Rate 4.5 4.0 - 11.1%
Single-Family Detached Inventory 416 373 - 10.3%
Townhouse-Condo Inventory 19 14 - 26.3%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Boone County
- 3.6% + 10.2% - 7.8%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Boone County
Indianapolis Metro Area
- 20%
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
+ 25%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
140 147135
162
New Listings Closed Sales
July 2015 2016
502
409445 432
New Listings Closed Sales
May through Jul 2015 2016
+ 10.2%- 3.6%+ 5.6%- 11.4%
2015 2016 + / – 2015 2016 + / –
New Listings 118 126 + 6.8% 43 39 - 9.3%
Closed Sales 61 101 + 65.6% 17 40 + 135.3%
Median Sales Price* $172,450 $185,500 + 7.6% $190,000 $183,200 - 3.6%
Average Sales Price* $174,990 $209,800 + 19.9% $175,674 $206,512 + 17.6%
Percent of Original List Price Received at Sale* 88.4% 92.1% + 4.2% 86.3% 90.6% + 5.1%
Absorption Rate 18.9 12.3 - 34.8%
Single-Family Detached Inventory 289 285 - 1.4%
Townhouse-Condo Inventory 6 4 - 33.3%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Brown County
- 9.3% + 135.3% - 3.6%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Brown County
Indianapolis Metro Area
- 30%
- 20%
- 10%
0%
+ 10%
+ 20%
+ 30%
+ 40%
+ 50%
+ 60%
+ 70%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
43
17
39 40
New Listings Closed Sales
July 2015 2016
118
61
126
101
New Listings Closed Sales
May through Jul 2015 2016
+ 135.3%- 9.3%+ 65.6%+ 6.8%
2015 2016 + / – 2015 2016 + / –
New Listings 120 114 - 5.0% 35 40 + 14.3%
Closed Sales 87 71 - 18.4% 30 23 - 23.3%
Median Sales Price* $112,000 $137,500 + 22.8% $93,000 $123,000 + 32.3%
Average Sales Price* $124,516 $139,633 + 12.1% $118,474 $136,038 + 14.8%
Percent of Original List Price Received at Sale* 91.1% 93.6% + 2.8% 90.1% 92.9% + 3.2%
Absorption Rate 7.1 6.0 - 16.4%
Single-Family Detached Inventory 158 127 - 19.6%
Townhouse-Condo Inventory 1 0 - 100.0%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Decatur County
+ 14.3% - 23.3% + 32.3%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Decatur County
Indianapolis Metro Area
- 30%
- 20%
- 10%
0%
+ 10%
+ 20%
+ 30%
+ 40%
+ 50%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
3530
40
23
New Listings Closed Sales
July 2015 2016
120
87
114
71
New Listings Closed Sales
May through Jul 2015 2016
- 23.3%+ 14.3%- 18.4%- 5.0%
2015 2016 + / – 2015 2016 + / –
New Listings 2,667 2,685 + 0.7% 824 804 - 2.4%
Closed Sales 2,283 2,301 + 0.8% 754 693 - 8.1%
Median Sales Price* $237,500 $245,000 + 3.2% $237,500 $240,050 + 1.1%
Average Sales Price* $280,506 $288,399 + 2.8% $283,926 $284,102 + 0.1%
Percent of Original List Price Received at Sale* 96.4% 96.9% + 0.5% 96.1% 96.9% + 0.9%
Absorption Rate 3.7 3.6 - 4.7%
Single-Family Detached Inventory 1,929 1,808 - 6.3%
Townhouse-Condo Inventory 173 194 + 12.1%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Hamilton County
- 2.4% - 8.1% + 1.1%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Hamilton County
Indianapolis Metro Area
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
824754804
693
New Listings Closed Sales
July 2015 2016
2,6672,283
2,6852,301
New Listings Closed Sales
May through Jul 2015 2016
- 8.1%- 2.4%+ 0.8%+ 0.7%
2015 2016 + / – 2015 2016 + / –
New Listings 492 503 + 2.2% 150 150 0.0%
Closed Sales 396 414 + 4.5% 144 143 - 0.7%
Median Sales Price* $159,900 $165,000 + 3.2% $160,000 $172,500 + 7.8%
Average Sales Price* $178,933 $184,817 + 3.3% $178,989 $185,069 + 3.4%
Percent of Original List Price Received at Sale* 94.8% 96.1% + 1.3% 94.4% 95.8% + 1.5%
Absorption Rate 4.3 3.6 - 17.7%
Single-Family Detached Inventory 443 373 - 15.8%
Townhouse-Condo Inventory 5 8 + 60.0%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Hancock County
0.0% - 0.7% + 7.8%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Hancock County
Indianapolis Metro Area
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
150 144150 143
New Listings Closed Sales
July 2015 2016
492
396
503414
New Listings Closed Sales
May through Jul 2015 2016
- 0.7%0.0%+ 4.5%+ 2.2%
2015 2016 + / – 2015 2016 + / –
New Listings 1,148 1,077 - 6.2% 371 363 - 2.2%
Closed Sales 941 1,004 + 6.7% 316 315 - 0.3%
Median Sales Price* $170,750 $178,250 + 4.4% $171,000 $175,000 + 2.3%
Average Sales Price* $192,567 $198,519 + 3.1% $195,921 $199,507 + 1.8%
Percent of Original List Price Received at Sale* 96.3% 96.8% + 0.6% 96.3% 97.2% + 0.9%
Absorption Rate 3.9 3.2 - 18.3%
Single-Family Detached Inventory 851 753 - 11.5%
Townhouse-Condo Inventory 65 34 - 47.7%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Hendricks County
- 2.2% - 0.3% + 2.3%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Hendricks County
Indianapolis Metro Area
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
371316
363315
New Listings Closed Sales
July 2015 2016
1,148941
1,077 1,004
New Listings Closed Sales
May through Jul 2015 2016
- 0.3%- 2.2%+ 6.7%- 6.2%
2015 2016 + / – 2015 2016 + / –
New Listings 1,015 1,019 + 0.4% 304 355 + 16.8%
Closed Sales 848 891 + 5.1% 291 263 - 9.6%
Median Sales Price* $154,000 $162,000 + 5.2% $151,500 $164,350 + 8.5%
Average Sales Price* $179,246 $195,094 + 8.8% $178,551 $195,311 + 9.4%
Percent of Original List Price Received at Sale* 95.4% 96.6% + 1.3% 94.6% 96.9% + 2.4%
Absorption Rate 4.0 3.2 - 21.2%
Single-Family Detached Inventory 841 707 - 15.9%
Townhouse-Condo Inventory 33 35 + 6.1%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Johnson County
+ 16.8% - 9.6% + 8.5%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Johnson County
Indianapolis Metro Area
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
304 291
355
263
New Listings Closed Sales
July 2015 2016
1,015848
1,019891
New Listings Closed Sales
May through Jul 2015 2016
- 9.6%+ 16.8%+ 5.1%+ 0.4%
2015 2016 + / – 2015 2016 + / –
New Listings 627 604 - 3.7% 197 204 + 3.6%
Closed Sales 448 431 - 3.8% 134 147 + 9.7%
Median Sales Price* $89,950 $87,700 - 2.5% $95,000 $95,000 0.0%
Average Sales Price* $103,181 $105,372 + 2.1% $105,722 $109,667 + 3.7%
Percent of Original List Price Received at Sale* 91.7% 92.4% + 0.8% 91.6% 92.3% + 0.7%
Absorption Rate 5.6 4.8 - 13.9%
Single-Family Detached Inventory 670 577 - 13.9%
Townhouse-Condo Inventory 28 20 - 28.6%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Madison County
+ 3.6% + 9.7% 0.0%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Madison County
Indianapolis Metro Area
- 20%
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
+ 25%
+ 30%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
197
134
204
147
New Listings Closed Sales
July 2015 2016
627
448
604
431
New Listings Closed Sales
May through Jul 2015 2016
+ 9.7%+ 3.6%- 3.8%- 3.7%
2015 2016 + / – 2015 2016 + / –
New Listings 5,458 5,284 - 3.2% 1,656 1,709 + 3.2%
Closed Sales 4,090 4,350 + 6.4% 1,375 1,370 - 0.4%
Median Sales Price* $128,900 $130,000 + 0.9% $130,000 $129,900 - 0.1%
Average Sales Price* $156,641 $154,906 - 1.1% $158,594 $152,883 - 3.6%
Percent of Original List Price Received at Sale* 93.9% 95.6% + 1.9% 94.1% 95.5% + 1.5%
Absorption Rate 5.3 4.1 - 22.8%
Single-Family Detached Inventory 4,960 4,073 - 17.9%
Townhouse-Condo Inventory 626 506 - 19.2%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Marion County
+ 3.2% - 0.4% - 0.1%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Marion County
Indianapolis Metro Area
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
1,656
1,375
1,709
1,370
New Listings Closed Sales
July 2015 2016
5,458
4,090
5,284
4,350
New Listings Closed Sales
May through Jul 2015 2016
- 0.4%+ 3.2%+ 6.4%- 3.2%
2015 2016 + / – 2015 2016 + / –
New Listings 195 198 + 1.5% 63 64 + 1.6%
Closed Sales 139 172 + 23.7% 47 56 + 19.1%
Median Sales Price* $110,750 $112,000 + 1.1% $110,500 $119,200 + 7.9%
Average Sales Price* $118,387 $123,753 + 4.5% $129,183 $125,975 - 2.5%
Percent of Original List Price Received at Sale* 92.5% 92.9% + 0.5% 93.5% 92.5% - 1.1%
Absorption Rate 6.4 4.7 - 26.6%
Single-Family Detached Inventory 226 190 - 15.9%
Townhouse-Condo Inventory 5 2 - 60.0%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Montgomery County
+ 1.6% + 19.1% + 7.9%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Montgomery County
Indianapolis Metro Area
- 25%
- 20%
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
+ 25%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
63
47
6456
New Listings Closed Sales
July 2015 2016
195
139
198172
New Listings Closed Sales
May through Jul 2015 2016
+ 19.1%+ 1.6%+ 23.7%+ 1.5%
2015 2016 + / – 2015 2016 + / –
New Listings 455 431 - 5.3% 134 124 - 7.5%
Closed Sales 295 319 + 8.1% 101 90 - 10.9%
Median Sales Price* $146,500 $149,900 + 2.3% $144,000 $134,950 - 6.3%
Average Sales Price* $165,108 $174,316 + 5.6% $159,736 $172,719 + 8.1%
Percent of Original List Price Received at Sale* 94.7% 95.6% + 1.0% 94.4% 95.1% + 0.8%
Absorption Rate 6.5 4.8 - 26.5%
Single-Family Detached Inventory 501 391 - 22.0%
Townhouse-Condo Inventory 13 13 0.0%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Morgan County
- 7.5% - 10.9% - 6.3%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Morgan County
Indianapolis Metro Area
- 20%
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
+ 25%
+ 30%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
134
101
124
90
New Listings Closed Sales
July 2015 2016
455
295
431
319
New Listings Closed Sales
May through Jul 2015 2016
- 10.9%- 7.5%+ 8.1%- 5.3%
2015 2016 + / – 2015 2016 + / –
New Listings 192 207 + 7.8% 60 63 + 5.0%
Closed Sales 125 143 + 14.4% 48 41 - 14.6%
Median Sales Price* $107,000 $122,000 + 14.0% $116,732 $122,500 + 4.9%
Average Sales Price* $120,988 $140,448 + 16.1% $125,095 $146,460 + 17.1%
Percent of Original List Price Received at Sale* 91.1% 93.5% + 2.6% 90.9% 92.6% + 1.9%
Absorption Rate 7.7 6.1 - 20.6%
Single-Family Detached Inventory 268 235 - 12.3%
Townhouse-Condo Inventory 8 9 + 12.5%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Putnam County
+ 5.0% - 14.6% + 4.9%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Putnam County
Indianapolis Metro Area
- 20%
- 15%
- 10%
- 5%
0%
+ 5%
+ 10%
+ 15%
+ 20%
+ 25%
+ 30%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
60
48
63
41
New Listings Closed Sales
July 2015 2016
192
125
207
143
New Listings Closed Sales
May through Jul 2015 2016
- 14.6%+ 5.0%+ 14.4%+ 7.8%
2015 2016 + / – 2015 2016 + / –
New Listings 207 193 - 6.8% 68 57 - 16.2%
Closed Sales 174 163 - 6.3% 64 48 - 25.0%
Median Sales Price* $112,000 $124,900 + 11.5% $110,175 $110,000 - 0.2%
Average Sales Price* $131,369 $132,328 + 0.7% $129,015 $114,978 - 10.9%
Percent of Original List Price Received at Sale* 91.4% 93.2% + 1.9% 91.2% 93.1% + 2.1%
Absorption Rate 5.6 4.9 - 12.0%
Single-Family Detached Inventory 245 194 - 20.8%
Townhouse-Condo Inventory 8 11 + 37.5%
Change inClosed Sales
Change in Median Sales Price
Local Market Update – July 2016 A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
* Does not account for seller concessions. | + / – by month may look extreme due to small sample size. | Totals rounded to whole number or tenth of a percent; rounding error may occur.
JulyMay through Jul
Shelby County
- 16.2% - 25.0% - 0.2%Change in
New Listings
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).
Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Report © 2016 ShowingTime.
There are no rolling figures for Absorption Rate, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.
Shelby County
Indianapolis Metro Area
- 30%
- 20%
- 10%
0%
+ 10%
+ 20%
+ 30%
+ 40%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016
Change in Median Sales Price from Prior Year (6-Month Average)** b
a
68 6457
48
New Listings Closed Sales
July 2015 2016
207174
193163
New Listings Closed Sales
May through Jul 2015 2016
- 25.0%- 16.2%- 6.3%- 6.8%