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Local Market Review: Year Ends with Closing Gains

Published Monday, January 20, 2014 9:00 am

Housing data released by MIBOR on January 20, 2014 reveals the stabilizing trends throughout 2013 and a bump in closed sales for December and the 4th quarter. Closed sales increased 4.3 percent for the 4th quarter and increased 10.8 percent in December compared to the same periods in 2012. Pending sales are down; 10.3 for December and 4.5 for the quarter.

According to the MIBOR Monthly Indicators Report, prices also made strong gains. Median sales price increased 5.4 in December and 4.8 percent in the 4th quarter compared in 2012. Average sales price grew more; 6.9 for the quarter and 10.5 percent in December. The current average sales price in central Indiana is $176,622; median sales price is $134,900. Inventory is at its lowest point all year at 4.5 months. Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. The data was pulled from the BLC® listing service on January 17. To download the Monthly Indicators report and county reports, click here.

Please note, due to the length of the reports, it may take a few minutes to download. If you have questions regarding the data, please click here.

Visit the Fast Track archive for more articles from this morning's publication.