REALTORS® RELEASE CENTRAL INDIANA AND STATEWIDE HOUSING DATA
MIBOR and IAR report shows increases in new listings,
pending sales, and closed sales
INDIANAPOLIS — Data issued today by the Metropolitan Indianapolis Board of REALTORS® (MIBOR) for June 2015 shows continued increases in pending sales, closed sales, and pricing. Activity continues an upward trend as we move into the second half of 2015. Housing data for June also revealed a slight increase in new listings.
Pending sales increased 8.1 percent in the monthly comparison of June 2015 to the same period last year. In the quarter ending in June, pending sales rose 10.3 percent. Closed sales increased by 17.6 percent in June alone and by 11.5 percent in the three-month review.
The key indicator of new listings increased by 3.7 percent in June.
Sale prices continue to grow in both the one- and three-month reviews. The average sales price increased by 3.1 percent in June as well as 5.0 percent in the three-month review, while the median sales price increased 5.3 percent in June and 7.1 percent for the three months ending in June.
Additional key findings for central Indiana in June 2015:
• Month’s supply of inventory is 4.9 months
• Total active listings fell by 5.9 percent
“Sales activity is still growing as we head into the second half of the year. Closed sales saw a significant increase this June compared to last year,” said Kathy Hall, 2015 MIBOR president. “Tighter inventory has kept sellers feeling confident this year, with multiple offer scenarios and healthy competition becoming the norm.”
Statewide, when comparing June 2015 to June 2014, the following occurred:
• The number of closed home sales increased 16.5 percent to 9,080
• The median sale price of homes increased 6.3 percent to $142,500
• The average sale price increased 5.7 percent to $171,653
• The percent of original list price received increased 0.7 percent to 95.3 percent
• The number of pending home sales increased 8.5 percent to 7,911
• The inventory of homes for sale decreased 7.6 percent to 40,731
• The number of new listings increased 0.9 percent to 12,254
“It’s been nine years since we’ve seen activity and pricing at these levels,” said Bruce Bright, 2015 President of the Indiana Association of REALTORS®. “Despite a continued lack of inventory and increasing prices, consumers all across the state see the opportunities that low interest rates present and are confident about housing as an investment.”
The attached data reports explain how the central Indiana housing market is performing according to eight different indicators. Each indicator will have one-, three-, six- and 12-month comparisons as well as a historical look. Consumers will also have access to specific county information for the 13 counties included in MIBOR’s Broker Listing Cooperative® (BLC) service area: Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Montgomery, Morgan, Putnam and Shelby counties.
IAR’s report, found online under the Resources tab of IndianaRealtors.com, shows how the state of Indiana’s housing market is performing according to the same indicators, with one-month and year-to-date comparisons as well as a historical look. Consumers will also have access to specific county information for 91 of Indiana’s 92 counties in a sortable table format.