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Local Market Review: Listings Inch Up and Pricing Remains Strong in April

Published Monday, May 19, 2014

Housing data released by MIBOR today shows an increase in new listings and overall inventory as well as continued strong prices in the central Indiana housing market. Across the region, new listings increased 1.2 percent in April, following March’s first positive number for the year. That pattern brings months of inventory up to 5.0 months. Median and average sales prices continues to march higher – median sales price was 5.6 percent for the three months ending in April while average sales price increased 5.3 percent. April only followed a similar trend with median sales price increasing 4.6 percent and average sales price 5.5 percent.

Closed sales decreased for the quarter and month, although at a slower pace. Closed sales were down 9.6 for the three months ending in April compared to the same time period in 2013 and dropped 8.3 percent in April compared to a year ago. Pending sales followed a similar pattern, down 8.6 percent for the quarter and 6.8 percent in April alone. 

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 May 16. To download the Monthly Indicators report, click here.

To view the one-page 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.