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Local Market Review: May Sales Activity Positive But At Slower Pace

Published Monday, June 22, 2015

Housing data released by MIBOR this week shows an increase in pending and closed sales for May; increases that represent a slowing from the double digit increases we experienced in the early spring months. Pending sales are up 9.3 percent in May and 10.8 for the three months ending in May. Closed sales increased 4.2 percent in May and 9.7 for the quarter. 

Sales prices continue to grow with median sales price up 9.3 percent in May to $153,000 and up 8.0 percent in the three months ending in May to $148,500. Average sales prices increased 6.2 percent in both the one-month and three-month comparisons. The current average sales price in central Indiana is $186,765. Inventory numbers continue to hover in the high four-month range. Months of inventory fell 4.6 percent in May placing current available inventory at 4.8 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 June 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.