Market Overview Key market metrics for the current month and year-to-date figures.

Current Prior Year + / – Current Prior Year + / – Current Prior Year + / – Current Prior Year + / –

New Listings Jan 2016 42,722 42,155 + 1.3% 17,861 17,832 + 0.2% 7,121 7,093 + 0.4% 2,552 2,796 - 8.7%

Feb 2016 43,022 42,492 + 1.2% 17,069 16,918 + 0.9% 7,673 7,616 + 0.7% 3,146 2,846 + 10.5%

Mar 2016 43,377 42,513 + 2.0% 18,007 17,248 + 4.4% 10,048 9,637 + 4.3% 4,350 3,995 + 8.9%

Pending Sales Jan 2016 30,681 27,651 + 11.0% 13,960 12,538 + 11.3% 6,133 5,320 + 15.3% 2,037 1,814 + 12.3%

Feb 2016 30,982 27,911 + 11.0% 13,740 12,136 + 13.2% 6,425 5,588 + 15.0% 2,445 2,144 + 14.0%

Mar 2016 31,425 28,144 + 11.7% 14,170 12,469 + 13.6% 7,604 6,637 + 14.6% 3,122 2,679 + 16.5%

Closed Sales Jan 2016 32,321 29,836 + 8.3% 15,004 14,436 + 3.9% 6,541 6,064 + 7.9% 1,730 1,599 + 8.2%

Feb 2016 32,495 30,038 + 8.2% 13,984 13,355 + 4.7% 6,368 5,789 + 10.0% 1,984 1,810 + 9.6%

Mar 2016 32,720 30,334 + 7.9% 13,857 13,013 + 6.5% 6,374 5,844 + 9.1% 2,660 2,435 + 9.2%

Median Sales Price Jan 2016 $147,900 $139,900 + 5.7% $145,000 $139,000 + 4.3% $142,000 $134,600 + 5.5% $137,500 $127,250 + 8.1%

Feb 2016 $148,000 $140,000 + 5.7% $142,000 $136,500 + 4.0% $139,900 $132,000 + 6.0% $135,000 $131,500 + 2.7%

Mar 2016 $148,263 $140,000 + 5.9% $142,500 $136,000 + 4.8% $142,000 $135,000 + 5.2% $148,750 $140,000 + 6.3%

Average Sales Price Jan 2016 $183,947 $175,782 + 4.6% $181,691 $175,926 + 3.3% $180,625 $173,425 + 4.2% $172,016 $166,116 + 3.6%

Feb 2016 $184,076 $176,380 + 4.4% $178,550 $173,004 + 3.2% $176,205 $170,062 + 3.6% $170,125 $166,384 + 2.2%

Mar 2016 $184,508 $177,136 + 4.2% $178,668 $173,710 + 2.9% $175,620 $170,328 + 3.1% $182,023 $175,991 + 3.4%

Jan 2016 93.8% 93.3% + 0.5% 93.5% 92.9% + 0.6% 92.9% 92.3% + 0.7% 92.9% 91.9% + 1.1%

Feb 2016 93.8% 93.3% + 0.5% 93.2% 92.6% + 0.6% 92.9% 92.1% + 0.9% 92.9% 91.7% + 1.2%

Mar 2016 93.9% 93.3% + 0.6% 93.2% 92.5% + 0.7% 93.3% 92.3% + 1.1% 93.9% 92.9% + 1.1%

Jan 2016 10,186 11,121 - 8.4%

Feb 2016 10,255 10,914 - 6.0%

Mar 2016 10,490 11,348 - 7.6%

Jan 2016 3.8 4.5 - 15.4%

Feb 2016 3.8 4.4 - 13.1%

Mar 2016 3.8 4.5 - 14.3%

Percent of Original List Price Received at Sale

Total Active Listings Available at Month End

Months Supplyof Inventory

Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 2

Rolling 12 Months MonthlyRolling 6 Months Rolling 3 Months

There are no rolling figures for Total Active Listings Available at Month End or Months Supply of Inventory because these metrics are simply snapshots frozen in time at the end

of each month. It does not add up over a period of months.

New Listings A count of the properties that have been newly listed on the market in a given month, regardless of what status they're currently in.

Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 3

40,894 42,513 43,377

2014 2015 2016

12 Month

16,05617,248 18,007

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

8,7409,637 10,048

2014 2015 2016

3 Month

3,974 3,9954,350

2014 2015 2016

March

One-Year Change:

Two-Year Change:

+ 4.4%

+ 12.2%

One-Year Change:

Two-Year Change:

+ 2.0%

+ 6.1%

One-Year Change:

Two-Year Change:

+ 8.9%

+ 9.5%

One-Year Change:

Two-Year Change:

+ 4.3%

+ 15.0%

Pending Sales A count of the properties on which contracts have been accepted in a given month, regardless of whether or not the sale closes.

Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 4

27,084 28,144

31,425

2014 2015 2016

12 Month

11,10712,469

14,170

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

5,881

6,637

7,604

2014 2015 2016

3 Month

2,4462,679

3,122

2014 2015 2016

March

One-Year Change:

Two-Year Change:

+ 13.6%

+ 27.6%

One-Year Change:

Two-Year Change:

+ 11.7%

+ 16.0%

One-Year Change:

Two-Year Change:

+ 16.5%

+ 27.6%

One-Year Change:

Two-Year Change:

+ 14.6%

+ 29.3%

Closed Sales A count of the actual sales that have closed in a given month.

Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 5

29,746 30,33432,720

2014 2015 2016

12 Month

11,81413,013

13,857

2014 2015 2016

6 Month

1,000

1,500

2,000

2,500

3,000

3,500

4,000

1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Closed Sales

5,165

5,8446,374

2014 2015 2016

3 Month

2,139

2,4352,660

2014 2015 2016

March

One-Year Change:

Two-Year Change:

+ 6.5%

+ 17.3%

One-Year Change:

Two-Year Change:

+ 7.9%

+ 10.0%

One-Year Change:

Two-Year Change:

+ 9.2%

+ 24.4%

One-Year Change:

Two-Year Change:

+ 9.1%

+ 23.4%

Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.

Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 6

$135,000 $140,000$148,263

2014 2015 2016

12 Month

$130,900 $136,000$142,500

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

$129,050 $135,000$142,000

2014 2015 2016

3 Month

$134,043$140,000

$148,750

2014 2015 2016

March

One-Year Change:

Two-Year Change:

+ 4.8%

+ 8.9%

One-Year Change:

Two-Year Change:

+ 5.9%

+ 9.8%

One-Year Change:

Two-Year Change:

+ 6.3%

+ 11.0%

One-Year Change:

Two-Year Change:

+ 5.2%

+ 10.0%

Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.

Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 7

$169,787 $177,136$184,508

2014 2015 2016

12 Month

$165,978$173,710 $178,668

2014 2015 2016

6 Month

$120,000

$130,000

$140,000

$150,000

$160,000

$170,000

$180,000

$190,000

$200,000

1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Average Sales Price

$160,841$170,328 $175,620

2014 2015 2016

3 Month

$165,010$175,991 $182,023

2014 2015 2016

March

One-Year Change:

Two-Year Change:

+ 2.9%

+ 7.6%

One-Year Change:

Two-Year Change:

+ 4.2%

+ 8.7%

One-Year Change:

Two-Year Change:

+ 3.4%

+ 10.3%

One-Year Change:

Two-Year Change:

+ 3.1%

+ 9.2%

Percent of Original List Price Received

Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 8

Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

92.3% 93.3% 93.9%

2014 2015 2016

12 Month

91.8% 92.5% 93.2%

2014 2015 2016

6 Month

84%

86%

88%

90%

92%

94%

96%

98%

1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Percent of Original List Price Received

92.0% 92.3% 93.3%

2014 2015 2016

3 Month

92.3% 92.9% 93.9%

2014 2015 2016

March

One-Year Change:

Two-Year Change:

+ 0.7%

+ 1.5%

One-Year Change:

Two-Year Change:

+ 0.6%

+ 1.7%

One-Year Change:

Two-Year Change:

+ 1.1%

+ 1.6%

One-Year Change:

Two-Year Change:

+ 1.1%

+ 1.4%

Inventory of Homes for Sale

Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 9

The number of properties available for sale in active status at the end of a given month. There are no rolling figures for Inventory of Homes for Sale because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

0

10,000

20,000

30,000

40,000

50,000

60,000

1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Inventory of Homes Available

14,907

12,364 11,632 11,348 10,490

2012 2013 2014 2015 2016

March

- 7.6%One-Year Change:

Two-Year Change:- 9.8%

Months Supply of Inventory

Data obtained from the Broker Listing Cooperative® (BLC®). Totals rounded to whole number or tenth of a percent; rounding error may occur. Powered by ShowingTime 10K. | 10

The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months. There are no rolling figures for Months Supply of Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

3

4

5

6

7

8

9

10

11

12

13

1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Months Supply of Homes for Sale

7.9

5.54.7 4.5

3.8

2012 2013 2014 2015 2016

March

- 18.0%

One-Year Change:

Two-Year Change:

- 14.3%

2015 2016 + / – 2015 2016 + / –

New Listings 312 370 + 18.6% 141 160 + 13.5%

Closed Sales 191 194 + 1.6% 83 70 - 15.7%

Median Sales Price* $185,000 $215,000 + 16.2% $195,000 $250,000 + 28.2%

Average Sales Price* $257,973 $263,986 + 2.3% $268,261 $294,341 + 9.7%

Percent of Original List Price Received at Sale* 93.5% 94.2% + 0.8% 93.5% 95.1% + 1.7%

Months Supply of Inventory 4.5 4.2 - 5.2%

Single-Family Detached Inventory 393 386 - 1.8%

Townhouse-Condo Inventory 12 11 - 8.3%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Boone County

+ 13.5% - 15.7% + 28.2%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. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Boone County

Indianapolis Metro Area

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

141

83

160

70

New Listings Closed Sales

March 2015 2016

312

191

370

194

New Listings Closed Sales

Jan through Mar 2015 2016

- 15.7%+ 13.5%+ 1.6%+ 18.6%

2015 2016 + / – 2015 2016 + / –

New Listings 51 101 + 98.0% 22 50 + 127.3%

Closed Sales 34 52 + 52.9% 7 21 + 200.0%

Median Sales Price* $131,500 $198,000 + 50.6% $98,000 $241,500 + 146.4%

Average Sales Price* $157,379 $210,753 + 33.9% $119,714 $228,337 + 90.7%

Percent of Original List Price Received at Sale* 89.2% 90.2% + 1.2% 83.0% 93.1% + 12.1%

Months Supply of Inventory 17.2 14.3 - 16.5%

Single-Family Detached Inventory 247 278 + 12.6%

Townhouse-Condo Inventory 6 6 0.0%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Brown County

+ 127.3% + 200.0% + 146.4%Change in

New Listings

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).

Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, 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%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

22

7

50

21

New Listings Closed Sales

March 2015 2016

5134

101

52

New Listings Closed Sales

Jan through Mar 2015 2016

+ 200.0%+ 127.3%+ 52.9%+ 98.0%

2015 2016 + / – 2015 2016 + / –

New Listings 89 77 - 13.5% 31 29 - 6.5%

Closed Sales 60 54 - 10.0% 21 26 + 23.8%

Median Sales Price* $92,950 $105,000 + 13.0% $117,500 $102,500 - 12.8%

Average Sales Price* $107,230 $118,229 + 10.3% $142,620 $114,333 - 19.8%

Percent of Original List Price Received at Sale* 87.6% 89.6% + 2.3% 86.4% 88.8% + 2.8%

Months Supply of Inventory 6.4 4.5 - 29.5%

Single-Family Detached Inventory 134 102 - 23.9%

Townhouse-Condo Inventory 1 0 - 100.0%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Decatur County

- 6.5% + 23.8% - 12.8%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. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Decatur County

Indianapolis Metro Area

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

31

21

2926

New Listings Closed Sales

March 2015 2016

89

60

77

54

New Listings Closed Sales

Jan through Mar 2015 2016

+ 23.8%- 6.5%- 10.0%- 13.5%

2015 2016 + / – 2015 2016 + / –

New Listings 1,964 2,033 + 3.5% 846 896 + 5.9%

Closed Sales 1,156 1,229 + 6.3% 516 545 + 5.6%

Median Sales Price* $217,950 $222,000 + 1.9% $219,900 $232,000 + 5.5%

Average Sales Price* $269,240 $272,467 + 1.2% $270,881 $274,630 + 1.4%

Percent of Original List Price Received at Sale* 94.8% 95.7% + 0.9% 95.1% 96.2% + 1.1%

Months Supply of Inventory 3.3 3.1 - 5.5%

Single-Family Detached Inventory 1,628 1,589 - 2.4%

Townhouse-Condo Inventory 155 170 + 9.7%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Hamilton County

+ 5.9% + 5.6% + 5.5%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. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Hamilton County

Indianapolis Metro Area

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

846

516

896

545

New Listings Closed Sales

March 2015 2016

1,964

1,156

2,033

1,229

New Listings Closed Sales

Jan through Mar 2015 2016

+ 5.6%+ 5.9%+ 6.3%+ 3.5%

2015 2016 + / – 2015 2016 + / –

New Listings 368 349 - 5.2% 135 131 - 3.0%

Closed Sales 218 233 + 6.9% 80 97 + 21.3%

Median Sales Price* $134,000 $144,700 + 8.0% $142,000 $139,450 - 1.8%

Average Sales Price* $150,641 $163,294 + 8.4% $158,942 $164,686 + 3.6%

Percent of Original List Price Received at Sale* 93.0% 94.4% + 1.5% 93.3% 94.3% + 1.1%

Months Supply of Inventory 4.3 3.1 - 26.9%

Single-Family Detached Inventory 414 322 - 22.2%

Townhouse-Condo Inventory 5 6 + 20.0%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Hancock County

- 3.0% + 21.3% - 1.8%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. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Hancock County

Indianapolis Metro Area

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

135

80

131

97

New Listings Closed Sales

March 2015 2016

368

218

349

233

New Listings Closed Sales

Jan through Mar 2015 2016

+ 21.3%- 3.0%+ 6.9%- 5.2%

2015 2016 + / – 2015 2016 + / –

New Listings 786 764 - 2.8% 328 332 + 1.2%

Closed Sales 469 507 + 8.1% 201 232 + 15.4%

Median Sales Price* $162,000 $160,000 - 1.2% $163,750 $173,000 + 5.6%

Average Sales Price* $184,542 $182,591 - 1.1% $180,246 $192,842 + 7.0%

Percent of Original List Price Received at Sale* 93.7% 94.8% + 1.2% 94.5% 95.5% + 1.0%

Months Supply of Inventory 3.7 2.9 - 21.5%

Single-Family Detached Inventory 767 655 - 14.6%

Townhouse-Condo Inventory 56 43 - 23.2%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Hendricks County

+ 1.2% + 15.4% + 5.6%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. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Hendricks County

Indianapolis Metro Area

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

328

201

332

232

New Listings Closed Sales

March 2015 2016

786

469

764

507

New Listings Closed Sales

Jan through Mar 2015 2016

+ 15.4%+ 1.2%+ 8.1%- 2.8%

2015 2016 + / – 2015 2016 + / –

New Listings 811 765 - 5.7% 338 317 - 6.2%

Closed Sales 485 496 + 2.3% 213 216 + 1.4%

Median Sales Price* $139,950 $148,450 + 6.1% $146,000 $155,000 + 6.2%

Average Sales Price* $165,609 $180,688 + 9.1% $172,707 $178,333 + 3.3%

Percent of Original List Price Received at Sale* 93.8% 93.9% + 0.1% 94.1% 94.5% + 0.4%

Months Supply of Inventory 3.9 3.0 - 23.5%

Single-Family Detached Inventory 797 643 - 19.3%

Townhouse-Condo Inventory 32 30 - 6.3%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Johnson County

- 6.2% + 1.4% + 6.2%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. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Johnson County

Indianapolis Metro Area

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

338

213

317

216

New Listings Closed Sales

March 2015 2016

811

485

765

496

New Listings Closed Sales

Jan through Mar 2015 2016

+ 1.4%- 6.2%+ 2.3%- 5.7%

2015 2016 + / – 2015 2016 + / –

New Listings 434 480 + 10.6% 174 197 + 13.2%

Closed Sales 271 326 + 20.3% 98 141 + 43.9%

Median Sales Price* $69,550 $79,455 + 14.2% $73,000 $76,750 + 5.1%

Average Sales Price* $85,340 $95,314 + 11.7% $81,339 $100,132 + 23.1%

Percent of Original List Price Received at Sale* 87.6% 88.5% + 1.0% 88.4% 89.1% + 0.8%

Months Supply of Inventory 5.5 4.8 - 13.6%

Single-Family Detached Inventory 619 569 - 8.1%

Townhouse-Condo Inventory 28 37 + 32.1%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Madison County

+ 13.2% + 43.9% + 5.1%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. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Madison County

Indianapolis Metro Area

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

+ 30%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

174

98

197

141

New Listings Closed Sales

March 2015 2016

434

271

480

326

New Listings Closed Sales

Jan through Mar 2015 2016

+ 43.9%+ 13.2%+ 20.3%+ 10.6%

2015 2016 + / – 2015 2016 + / –

New Listings 4,058 4,043 - 0.4% 1,701 1,755 + 3.2%

Closed Sales 2,467 2,626 + 6.4% 1,026 1,069 + 4.2%

Median Sales Price* $111,000 $117,500 + 5.9% $119,900 $124,000 + 3.4%

Average Sales Price* $134,273 $139,856 + 4.2% $138,680 $145,735 + 5.1%

Percent of Original List Price Received at Sale* 91.2% 92.6% + 1.4% 92.0% 93.1% + 1.2%

Months Supply of Inventory 4.8 3.9 - 19.3%

Single-Family Detached Inventory 4,264 3,764 - 11.7%

Townhouse-Condo Inventory 648 512 - 21.0%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Marion County

+ 3.2% + 4.2% + 3.4%Change in

New Listings

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 monthsused in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®).

Provided by the MIBOR REALTOR® Association and Multiple Listing Service. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Marion County

Indianapolis Metro Area

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,701

1,026

1,755

1,069

New Listings Closed Sales

March 2015 2016

4,058

2,467

4,043

2,626

New Listings Closed Sales

Jan through Mar 2015 2016

+ 4.2%+ 3.2%+ 6.4%- 0.4%

2015 2016 + / – 2015 2016 + / –

New Listings 121 140 + 15.7% 51 70 + 37.3%

Closed Sales 78 89 + 14.1% 26 31 + 19.2%

Median Sales Price* $92,000 $78,000 - 15.2% $101,700 $87,500 - 14.0%

Average Sales Price* $94,954 $91,679 - 3.4% $103,177 $94,524 - 8.4%

Percent of Original List Price Received at Sale* 87.8% 90.7% + 3.3% 89.2% 90.8% + 1.8%

Months Supply of Inventory 5.8 4.6 - 20.7%

Single-Family Detached Inventory 206 177 - 14.1%

Townhouse-Condo Inventory 4 1 - 75.0%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Montgomery County

+ 37.3% + 19.2% - 14.0%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. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Montgomery County

Indianapolis Metro Area

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

51

26

70

31

New Listings Closed Sales

March 2015 2016

121

78

140

89

New Listings Closed Sales

Jan through Mar 2015 2016

+ 19.2%+ 37.3%+ 14.1%+ 15.7%

2015 2016 + / – 2015 2016 + / –

New Listings 273 263 - 3.7% 100 128 + 28.0%

Closed Sales 181 185 + 2.2% 73 66 - 9.6%

Median Sales Price* $123,000 $129,000 + 4.9% $140,000 $126,650 - 9.5%

Average Sales Price* $137,713 $152,902 + 11.0% $151,488 $155,118 + 2.4%

Percent of Original List Price Received at Sale* 90.9% 92.2% + 1.5% 91.0% 91.9% + 1.0%

Months Supply of Inventory 5.4 4.7 - 13.0%

Single-Family Detached Inventory 407 371 - 8.8%

Townhouse-Condo Inventory 14 8 - 42.9%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Morgan County

+ 28.0% - 9.6% - 9.5%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. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Morgan County

Indianapolis Metro Area

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

+ 30%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

100

73

128

66

New Listings Closed Sales

March 2015 2016

273

181

263

185

New Listings Closed Sales

Jan through Mar 2015 2016

- 9.6%+ 28.0%+ 2.2%- 3.7%

2015 2016 + / – 2015 2016 + / –

New Listings 141 174 + 23.4% 54 72 + 33.3%

Closed Sales 79 86 + 8.9% 31 27 - 12.9%

Median Sales Price* $112,000 $98,000 - 12.5% $112,000 $117,000 + 4.5%

Average Sales Price* $139,513 $112,744 - 19.2% $136,074 $133,471 - 1.9%

Percent of Original List Price Received at Sale* 89.9% 90.9% + 1.1% 90.2% 92.8% + 2.8%

Months Supply of Inventory 7.0 5.7 - 17.7%

Single-Family Detached Inventory 231 209 - 9.5%

Townhouse-Condo Inventory 9 12 + 33.3%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Putnam County

+ 33.3% - 12.9% + 4.5%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. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Putnam County

Indianapolis Metro Area

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

+ 30%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

54

31

72

27

New Listings Closed Sales

March 2015 2016

141

79

174

86

New Listings Closed Sales

Jan through Mar 2015 2016

- 12.9%+ 33.3%+ 8.9%+ 23.4%

2015 2016 + / – 2015 2016 + / –

New Listings 181 151 - 16.6% 54 60 + 11.1%

Closed Sales 109 98 - 10.1% 46 38 - 17.4%

Median Sales Price* $99,700 $113,000 + 13.3% $102,400 $115,000 + 12.3%

Average Sales Price* $118,832 $137,668 + 15.9% $109,876 $138,144 + 25.7%

Percent of Original List Price Received at Sale* 90.6% 89.2% - 1.6% 92.9% 91.5% - 1.5%

Months Supply of Inventory 5.7 5.2 - 8.0%

Single-Family Detached Inventory 219 210 - 4.1%

Townhouse-Condo Inventory 8 8 0.0%

Change inClosed Sales

Change in Median Sales Price

Local Market Update – March 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.

MarchJan through Mar

Shelby County

+ 11.1% - 17.4% + 12.3%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. Powered by ShowingTime 10K.

There are no rolling figures for Months Supply of Inventory, Single-Family Detached Inventory and Townhouse-Condo Inventory because these metrics are simply snapshots frozen in time at the end of each month. It does not add up over a period of months.

Shelby County

Indianapolis Metro Area

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

5446

60

38

New Listings Closed Sales

March 2015 2016

181

109

151

98

New Listings Closed Sales

Jan through Mar 2015 2016

- 17.4%+ 11.1%- 10.1%- 16.6%