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Monthly Indicators
January 2016 Quick Facts
23456789
10Months Supply of Inventory
Closed Sales
Median Sales Price
Average Sales Price
Percent of Original List Price Received
Inventory of Homes Available
Data obtained from the Broker Listing Cooperative® (BLC®). Powered by ShowingTime 10K.
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
A RESEARCH TOOL PROVIDED BY THE MIBOR REALTOR® ASSOCIATION
+ 7.9% + 5.5% - 8.4%The natural ending point that is each December gives way every year to the optimism of January. This is particularly pronounced when the economy is strong and economists across the land are predicting increases in both prices and home sales. Granted, there has been some measured language surrounding the positive thinking. Although we are looking forward to a mostly decent year in real estate, it should be the kind of activity akin to a sure and steady life being lived rather than the jolt of a lottery win, which is just the way we want it.
New Listings in central Indiana decreased 8.7 percent to 2,552. Pending Sales were up 12.3 percent to 2,037. Inventory levels fell 8.4 percent to 10,186 units.
Prices continued to gain traction. The Median Sales Price increased 8.1 percent to $137,500. Percent of Original List Price Received increased 1.1 percent to 92.9. Sellers were encouraged as Months Supply of Inventory was down 15.4 percent to 3.8 months.
Other than the change of another month and year, little else is changed in residential real estate both nationally and locally. Unemployment is solidly about the same, housing metric trends are running about the same for now and the sunny outlook is still at about high noon. Same is the sound of 2016, so get curled up and comfy with the song, because we are likely to sing it a lot this year.
After experiencing steady growth in housing prices and sales activity throughout 2015, indications point toward continued growth and activity as we move into 2016. Mild weather in December led to an increase in pending sales, which came to fruition this month with an 8.2 percent increase in closed sales for the month compared to this time last year. Pending sales also increased for January, by 12.3 percent when compared to January 2015.
The key indicator of New Listings shows a decrease of 8.7 percent when compared to January 2015, and a slight increase of 0.4 percent in the three-month comparison. Low inventory continues to be a factor that will benefit sellers in the coming months.
Much like we saw throughout 2015, Median and Average Sales Price increased in January. The Median Sales Price increased 8.1 percent compared to January 2015, to $137,500. The Average Sales Price of $172,016 was an increase of 3.6 percent compared to one year ago.
Housing experts suggest that pent-up demand and sustained job growth will lead to a modest increase in home sales for 2016.
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 Nov 2015 42,965 41,388 + 3.8% 22,088 21,868 + 1.0% 9,396 9,302 + 1.0% 2,594 2,323 + 11.7%
Dec 2015 42,966 41,616 + 3.2% 19,415 19,360 + 0.3% 7,959 7,611 + 4.6% 1,975 1,974 + 0.1%
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%
Pending Sales Nov 2015 30,145 27,156 + 11.0% 15,721 14,346 + 9.6% 7,315 6,548 + 11.7% 2,153 1,876 + 14.8%
Dec 2015 30,458 27,388 + 11.2% 14,715 13,249 + 11.1% 6,566 5,832 + 12.6% 1,943 1,630 + 19.2%
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%
Closed Sales Nov 2015 31,916 29,382 + 8.6% 17,796 16,652 + 6.9% 7,616 7,566 + 0.7% 2,157 2,085 + 3.5%
Dec 2015 32,190 29,655 + 8.5% 16,753 15,887 + 5.5% 7,483 7,169 + 4.4% 2,654 2,380 + 11.5%
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%
Median Sales Price Nov 2015 $146,400 $139,900 + 4.6% $150,000 $144,000 + 4.2% $145,000 $140,000 + 3.6% $145,000 $137,500 + 5.5%
Dec 2015 $147,000 $139,900 + 5.1% $148,000 $141,000 + 5.0% $144,000 $137,900 + 4.4% $144,000 $135,000 + 6.7%
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%
Average Sales Price Nov 2015 $183,125 $175,771 + 4.2% $187,679 $180,659 + 3.9% $180,510 $175,237 + 3.0% $183,988 $176,603 + 4.2%
Dec 2015 $183,709 $175,699 + 4.6% $185,556 $178,350 + 4.0% $181,266 $176,463 + 2.7% $183,468 $175,522 + 4.5%
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%
Nov 2015 93.7% 93.2% + 0.5% 94.1% 93.6% + 0.6% 93.4% 93.0% + 0.4% 93.0% 92.5% + 0.5%
Dec 2015 93.7% 93.3% + 0.4% 93.8% 93.3% + 0.5% 93.1% 92.7% + 0.4% 92.9% 92.4% + 0.5%
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%
Nov 2015 11,787 12,289 - 4.1%
Dec 2015 10,390 11,126 - 6.6%
Jan 2016 10,186 11,121 - 8.4%
Nov 2015 4.4 5.0 - 11.7%
Dec 2015 3.9 4.5 - 14.0%
Jan 2016 3.8 4.5 - 15.4%
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.
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
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
41,373 42,155 42,722
2014 2015 2016
12 Month
16,94617,832 17,861
2014 2015 2016
6 Month
1,000
2,000
3,000
4,000
5,000
6,000
7,000
1-2005 7-2005 1-2006 7-2006 1-2007 7-2007 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
Historical New Listings
6,4147,093 7,121
2014 2015 2016
3 Month
2,257
2,7962,552
2014 2015 2016
January
One-Year Change:
Two-Year Change:
+ 0.2%
+ 5.4%
One-Year Change:
Two-Year Change:
+ 1.3%
+ 3.3%
One-Year Change:
Two-Year Change:
- 8.7%
+ 13.1%
One-Year Change:
Two-Year Change:
+ 0.4%
+ 11.0%
Pending Sales A count of the properties on which contracts have been accepted in a given month, regarldless 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
27,544 27,65130,681
2014 2015 2016
12 Month
11,40812,538
13,960
2014 2015 2016
6 Month
1,000
1,500
2,000
2,500
3,000
3,500
1-2005 7-2005 1-2006 7-2006 1-2007 7-2007 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
Historical Pending Sales
4,6815,320
6,133
2014 2015 2016
3 Month
1,551
1,8142,037
2014 2015 2016
January
One-Year Change:
Two-Year Change:
+ 11.3%
+ 22.4%
One-Year Change:
Two-Year Change:
+ 11.0%
+ 11.4%
One-Year Change:
Two-Year Change:
+ 12.3%
+ 31.3%
One-Year Change:
Two-Year Change:
+ 15.3%
+ 31.0%
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
30,183 29,83632,321
2014 2015 2016
12 Month
13,50114,436 15,004
2014 2015 2016
6 Month
1,000
1,500
2,000
2,500
3,000
3,500
4,000
1-2005 7-2005 1-2006 7-2006 1-2007 7-2007 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
Historical Closed Sales
5,5966,064
6,541
2014 2015 2016
3 Month
1,4181,599
1,730
2014 2015 2016
January
One-Year Change:
Two-Year Change:
+ 3.9%
+ 11.1%
One-Year Change:
Two-Year Change:
+ 8.3%
+ 7.1%
One-Year Change:
Two-Year Change:
+ 8.2%
+ 22.0%
One-Year Change:
Two-Year Change:
+ 7.9%
+ 16.9%
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
$134,900 $139,900$147,900
2014 2015 2016
12 Month
$133,550 $139,000$145,000
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 7-2005 1-2006 7-2006 1-2007 7-2007 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
Historical Median Sales Price
$130,693 $134,600$142,000
2014 2015 2016
3 Month
$125,750 $127,250$137,500
2014 2015 2016
January
One-Year Change:
Two-Year Change:
+ 4.3%
+ 8.6%
One-Year Change:
Two-Year Change:
+ 5.7%
+ 9.6%
One-Year Change:
Two-Year Change:
+ 8.1%
+ 9.3%
One-Year Change:
Two-Year Change:
+ 5.5%
+ 8.7%
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
$168,684 $175,782$183,947
2014 2015 2016
12 Month
$169,197 $175,926 $181,691
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 7-2005 1-2006 7-2006 1-2007 7-2007 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
Historical Average Sales Price
$170,000 $173,425 $180,625
2014 2015 2016
3 Month
$162,826 $166,116 $172,016
2014 2015 2016
January
One-Year Change:
Two-Year Change:
+ 3.3%
+ 7.4%
One-Year Change:
Two-Year Change:
+ 4.6%
+ 9.0%
One-Year Change:
Two-Year Change:
+ 3.6%
+ 5.6%
One-Year Change:
Two-Year Change:
+ 4.2%
+ 6.2%
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.
91.9% 93.3% 93.8%
2014 2015 2016
12 Month
92.0% 92.9% 93.5%
2014 2015 2016
6 Month
84%
86%
88%
90%
92%
94%
96%
98%
1-2005 7-2005 1-2006 7-2006 1-2007 7-2007 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
Historical Percent of Original List Price Received
91.7% 92.3% 92.9%
2014 2015 2016
3 Month
91.9% 91.9% 92.9%
2014 2015 2016
January
One-Year Change:
Two-Year Change:
+ 0.6%
+ 1.6%
One-Year Change:
Two-Year Change:
+ 0.5%
+ 2.0%
One-Year Change:
Two-Year Change:
+ 1.1%
+ 1.1%
One-Year Change:
Two-Year Change:
+ 0.7%
+ 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 7-2005 1-2006 7-2006 1-2007 7-2007 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
Historical Inventory of Homes Available
14,03111,950 11,138 11,121 10,186
2012 2013 2014 2015 2016
January
- 8.4%One-Year Change:
Two-Year Change:- 8.5%
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 7-2007 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
Historical Months Supply of Homes for Sale
7.6
5.54.4 4.5
3.8
2012 2013 2014 2015 2016
January
- 14.6%
One-Year Change:
Two-Year Change:- 15.4%
2015 2016 + / – 2015 2016 + / –
New Listings 254 222 - 12.6% 84 82 - 2.4%
Closed Sales 229 199 - 13.1% 51 52 + 2.0%
Median Sales Price* $234,900 $188,000 - 20.0% $214,000 $168,500 - 21.3%
Average Sales Price* $282,374 $259,423 - 8.1% $287,281 $247,748 - 13.8%
Percent of Original List Price Received at Sale* 93.3% 93.1% - 0.2% 93.8% 93.1% - 0.7%
Months Supply of Inventory 4.2 3.8 - 9.8%
Single-Family Detached Inventory 371 342 - 7.8%
Townhouse-Condo Inventory 9 10 + 11.1%
Boone County
JanuaryNov through Jan
Boone County
Indianapolis Metro Area
- 2.4% + 2.0% - 21.3%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
84
51
82
52
New Listings Closed Sales
January 2015 2016
+ 2.0%- 2.4%
254229222
199
New Listings Closed Sales
Nov through Jan 2015 2016
- 13.1%- 12.6%
2015 2016 + / – 2015 2016 + / –
New Listings 55 61 + 10.9% 17 19 + 11.8%
Closed Sales 41 60 + 46.3% 17 18 + 5.9%
Median Sales Price* $148,500 $197,400 + 32.9% $151,250 $174,950 + 15.7%
Average Sales Price* $166,544 $207,998 + 24.9% $167,369 $187,400 + 12.0%
Percent of Original List Price Received at Sale* 87.7% 87.3% - 0.5% 90.6% 85.6% - 5.5%
Months Supply of Inventory 15.9 14.6 - 8.7%
Single-Family Detached Inventory 241 265 + 10.0%
Townhouse-Condo Inventory 6 3 - 50.0%
Brown County
JanuaryNov through Jan
Brown County
Indianapolis Metro Area
+ 11.8% + 5.9% + 15.7%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 30%
- 20%
- 10%
0%
+ 10%
+ 20%
+ 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
17 1719 18
New Listings Closed Sales
January 2015 2016
+ 5.9%+ 11.8%
55
41
61 60
New Listings Closed Sales
Nov through Jan 2015 2016
+ 46.3%+ 10.9%
2015 2016 + / – 2015 2016 + / –
New Listings 75 59 - 21.3% 35 22 - 37.1%
Closed Sales 61 47 - 23.0% 17 10 - 41.2%
Median Sales Price* $93,850 $132,000 + 40.6% $81,900 $143,950 + 75.8%
Average Sales Price* $113,837 $161,658 + 42.0% $77,584 $171,640 + 121.2%
Percent of Original List Price Received at Sale* 90.0% 90.1% + 0.2% 86.6% 88.1% + 1.8%
Months Supply of Inventory 6.2 5.4 - 12.1%
Single-Family Detached Inventory 129 122 - 5.4%
Townhouse-Condo Inventory 1 0 - 100.0%
Decatur County
JanuaryNov through Jan
Decatur County
Indianapolis Metro Area
- 37.1% - 41.2% + 75.8%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
35
1722
10
New Listings Closed Sales
January 2015 2016
- 41.2%- 37.1%
75
615947
New Listings Closed Sales
Nov through Jan 2015 2016
- 23.0%- 21.3%
2015 2016 + / – 2015 2016 + / –
New Listings 1,243 1,245 + 0.2% 558 514 - 7.9%
Closed Sales 1,193 1,291 + 8.2% 300 327 + 9.0%
Median Sales Price* $215,000 $234,950 + 9.3% $213,250 $217,562 + 2.0%
Average Sales Price* $269,145 $279,891 + 4.0% $267,944 $273,840 + 2.2%
Percent of Original List Price Received at Sale* 94.6% 95.2% + 0.6% 94.6% 94.9% + 0.3%
Months Supply of Inventory 3.2 2.8 - 12.0%
Single-Family Detached Inventory 1,535 1,414 - 7.9%
Townhouse-Condo Inventory 150 153 + 2.0%
Hamilton County
JanuaryNov through Jan
Hamilton County
Indianapolis Metro Area
- 7.9% + 9.0% + 2.0%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
558
300
514
327
New Listings Closed Sales
January 2015 2016
+ 9.0%- 7.9%
1,243 1,1931,245 1,291
New Listings Closed Sales
Nov through Jan 2015 2016
+ 8.2%+ 0.2%
2015 2016 + / – 2015 2016 + / –
New Listings 277 243 - 12.3% 111 99 - 10.8%
Closed Sales 263 256 - 2.7% 68 60 - 11.8%
Median Sales Price* $143,458 $145,000 + 1.1% $130,750 $145,000 + 10.9%
Average Sales Price* $157,913 $163,941 + 3.8% $139,696 $155,591 + 11.4%
Percent of Original List Price Received at Sale* 93.1% 94.4% + 1.4% 92.9% 95.1% + 2.4%
Months Supply of Inventory 4.0 3.2 - 20.9%
Single-Family Detached Inventory 395 324 - 18.0%
Townhouse-Condo Inventory 4 5 + 25.0%
Hancock County
JanuaryNov through Jan
Hancock County
Indianapolis Metro Area
- 10.8% - 11.8% + 10.9%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
111
68
99
60
New Listings Closed Sales
January 2015 2016
- 11.8%- 10.8%
277 263243 256
New Listings Closed Sales
Nov through Jan 2015 2016
- 2.7%- 12.3%
2015 2016 + / – 2015 2016 + / –
New Listings 571 528 - 7.5% 231 189 - 18.2%
Closed Sales 497 561 + 12.9% 120 129 + 7.5%
Median Sales Price* $160,000 $155,650 - 2.7% $162,000 $154,500 - 4.6%
Average Sales Price* $184,628 $179,685 - 2.7% $183,462 $180,951 - 1.4%
Percent of Original List Price Received at Sale* 94.0% 94.1% + 0.1% 92.6% 94.5% + 2.0%
Months Supply of Inventory 3.5 2.8 - 17.8%
Single-Family Detached Inventory 706 625 - 11.5%
Townhouse-Condo Inventory 58 48 - 17.2%
Hendricks County
JanuaryNov through Jan
Hendricks County
Indianapolis Metro Area
- 18.2% + 7.5% - 4.6%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
231
120
189
129
New Listings Closed Sales
January 2015 2016
+ 7.5%- 18.2%
571497528 561
New Listings Closed Sales
Nov through Jan 2015 2016
+ 12.9%- 7.5%
2015 2016 + / – 2015 2016 + / –
New Listings 552 557 + 0.9% 234 205 - 12.4%
Closed Sales 475 537 + 13.1% 117 133 + 13.7%
Median Sales Price* $139,950 $142,460 + 1.8% $131,500 $141,000 + 7.2%
Average Sales Price* $170,234 $174,384 + 2.4% $155,535 $170,204 + 9.4%
Percent of Original List Price Received at Sale* 93.4% 93.9% + 0.6% 94.0% 93.0% - 1.1%
Months Supply of Inventory 3.9 3.1 - 20.3%
Single-Family Detached Inventory 772 679 - 12.0%
Townhouse-Condo Inventory 34 22 - 35.3%
Johnson County
JanuaryNov through Jan
Johnson County
Indianapolis Metro Area
- 12.4% + 13.7% + 7.2%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
234
117
205
133
New Listings Closed Sales
January 2015 2016
+ 13.7%- 12.4%
552475
557 537
New Listings Closed Sales
Nov through Jan 2015 2016
+ 13.1%+ 0.9%
2015 2016 + / – 2015 2016 + / –
New Listings 386 369 - 4.4% 129 125 - 3.1%
Closed Sales 313 292 - 6.7% 79 82 + 3.8%
Median Sales Price* $79,950 $86,000 + 7.6% $81,950 $75,000 - 8.5%
Average Sales Price* $93,802 $96,757 + 3.2% $100,440 $96,770 - 3.7%
Percent of Original List Price Received at Sale* 88.6% 89.4% + 0.9% 87.6% 88.0% + 0.4%
Months Supply of Inventory 5.9 5.4 - 9.1%
Single-Family Detached Inventory 666 629 - 5.6%
Townhouse-Condo Inventory 28 32 + 14.3%
Madison County
JanuaryNov through Jan
Madison County
Indianapolis Metro Area
- 3.1% + 3.8% - 8.5%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
129
79
125
82
New Listings Closed Sales
January 2015 2016
+ 3.8%- 3.1%
386
313369
292
New Listings Closed Sales
Nov through Jan 2015 2016
- 6.7%- 4.4%
2015 2016 + / – 2015 2016 + / –
New Listings 3,020 3,024 + 0.1% 1,137 1,031 - 9.3%
Closed Sales 2,499 2,606 + 4.3% 685 710 + 3.6%
Median Sales Price* $112,000 $117,000 + 4.5% $100,000 $111,000 + 11.0%
Average Sales Price* $135,627 $143,269 + 5.6% $128,862 $132,474 + 2.8%
Percent of Original List Price Received at Sale* 91.3% 91.7% + 0.4% 90.8% 92.0% + 1.3%
Months Supply of Inventory 4.8 3.9 - 18.2%
Single-Family Detached Inventory 4,193 3,798 - 9.4%
Townhouse-Condo Inventory 589 473 - 19.7%
Marion County
JanuaryNov through Jan
Marion County
Indianapolis Metro Area
- 9.3% + 3.6% + 11.0%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
1,137
685
1,031
710
New Listings Closed Sales
January 2015 2016
+ 3.6%- 9.3%
3,0202,499
3,0242,606
New Listings Closed Sales
Nov through Jan 2015 2016
+ 4.3%+ 0.1%
2015 2016 + / – 2015 2016 + / –
New Listings 99 97 - 2.0% 30 29 - 3.3%
Closed Sales 89 103 + 15.7% 20 29 + 45.0%
Median Sales Price* $96,000 $100,000 + 4.2% $105,500 $85,000 - 19.4%
Average Sales Price* $101,197 $108,789 + 7.5% $100,026 $104,265 + 4.2%
Percent of Original List Price Received at Sale* 88.1% 91.5% + 3.8% 89.2% 89.9% + 0.8%
Months Supply of Inventory 6.2 4.0 - 36.6%
Single-Family Detached Inventory 218 152 - 30.3%
Townhouse-Condo Inventory 4 1 - 75.0%
Montgomery County
JanuaryNov through Jan
Montgomery County
Indianapolis Metro Area
- 3.3% + 45.0% - 19.4%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
30
20
29 29
New Listings Closed Sales
January 2015 2016
+ 45.0%- 3.3%
9989
97 103
New Listings Closed Sales
Nov through Jan 2015 2016
+ 15.7%- 2.0%
2015 2016 + / – 2015 2016 + / –
New Listings 248 230 - 7.3% 96 60 - 37.5%
Closed Sales 194 195 + 0.5% 60 60 0.0%
Median Sales Price* $121,000 $130,000 + 7.4% $108,363 $130,500 + 20.4%
Average Sales Price* $139,898 $152,395 + 8.9% $122,819 $156,131 + 27.1%
Percent of Original List Price Received at Sale* 91.4% 93.5% + 2.2% 90.3% 96.6% + 6.9%
Months Supply of Inventory 5.8 4.7 - 20.2%
Single-Family Detached Inventory 444 368 - 17.1%
Townhouse-Condo Inventory 12 8 - 33.3%
Morgan County
JanuaryNov through Jan
Morgan County
Indianapolis Metro Area
- 37.5% 0.0% + 20.4%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
96
6060 60
New Listings Closed Sales
January 2015 2016
0.0%- 37.5%
248
194230
195
New Listings Closed Sales
Nov through Jan 2015 2016
+ 0.5%- 7.3%
2015 2016 + / – 2015 2016 + / –
New Listings 123 114 - 7.3% 46 51 + 10.9%
Closed Sales 86 107 + 24.4% 25 29 + 16.0%
Median Sales Price* $107,900 $116,500 + 8.0% $144,500 $90,000 - 37.7%
Average Sales Price* $119,070 $159,957 + 34.3% $155,943 $103,436 - 33.7%
Percent of Original List Price Received at Sale* 89.0% 90.7% + 1.9% 90.2% 90.0% - 0.3%
Months Supply of Inventory 8.2 4.9 - 39.8%
Single-Family Detached Inventory 249 179 - 28.1%
Townhouse-Condo Inventory 21 10 - 52.4%
Putnam County
JanuaryNov through Jan
Putnam County
Indianapolis Metro Area
+ 10.9% + 16.0% - 37.7%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
46
25
51
29
New Listings Closed Sales
January 2015 2016
+ 16.0%+ 10.9%
123
86
114 107
New Listings Closed Sales
Nov through Jan 2015 2016
+ 24.4%- 7.3%
2015 2016 + / – 2015 2016 + / –
New Listings 140 133 - 5.0% 67 41 - 38.8%
Closed Sales 88 105 + 19.3% 25 28 + 12.0%
Median Sales Price* $104,400 $115,000 + 10.2% $99,700 $129,900 + 30.3%
Average Sales Price* $129,030 $132,292 + 2.5% $154,746 $157,688 + 1.9%
Percent of Original List Price Received at Sale* 90.2% 93.2% + 3.3% 87.5% 93.0% + 6.3%
Months Supply of Inventory 6.2 5.1 - 18.2%
Single-Family Detached Inventory 233 212 - 9.0%
Townhouse-Condo Inventory 7 6 - 14.3%
Shelby County
JanuaryNov through Jan
Shelby County
Indianapolis Metro Area
- 38.8% + 12.0% + 30.3%Change in
New ListingsChange in
Closed SalesChange in
Median Sales Price
Local Market Update – January 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.
** 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.
- 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
67
25
41
28
New Listings Closed Sales
January 2015 2016
+ 12.0%- 38.8%
140
88
133
105
New Listings Closed Sales
Nov through Jan 2015 2016
+ 19.3%- 5.0%