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Local Market Review: 2015 Housing Ends on a High Note

Published Tuesday, January 26, 2016

Housing data released by MIBOR show a strong December to close out 2015. Encouraging growth in Pending and Closed Sales in the region made for an atypical winter month, due in part to a mix of eager buyers and welcome mild weather. In December, Pending Sales grew 19.3 percent for the month while Closed Sales increased 11.5 percent compared to December, 2014.

New Listings in central Indiana increased only slightly by 0.1 percent for the month echoing the back and forth nature of this metric all year. The instability of New Listings further contributes to the low inventory experienced in our region and throughout the U.S. Prices continued to gain traction. The Median Sales Price increased 6.7 percent to $144,000. Average Sales Price rose 4.5 percent in December. Both increases were typical for 2015.

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 Jan. 19. 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.