INDIANAPOLIS — New housing data issued by the MIBOR REALTOR® Association (MIBOR) for September 2020 shows an increase in new listings.
The median sales price rose 18.5 percent in September compared to September 2019, and decreased 1.3 percent compared to August 2020.
Pending sales increased 28.5 percent in year over year comparison. New listings increased 13.0 percent in year over year comparison, and 7.2 percent compared to August 2020. Closed sales increased 17.1 percent compared to last year and decreased 2.4 percent compared to last month.
“While we continue to see a decrease in year over year active inventory, this month showed much improvement for closed sales and new listings, increasing 17.1 percent and 13.0 percent, respectively. However, while months supply of inventory increased slightly from last month to 0.9, this is still very low and a sign of an extremely tight market,” said Shelley Specchio, MIBOR CEO. She continues, “The data in closed sales alone proves that even in the tightest of markets, REALTORS® continue to work hard for their clients.”
Additional central Indiana year-over year comparisons (September 2019 vs. September 2020 )
- Pending sales increased 28.5 percent to 3,896
- Current median sales price: $225,000
- Months supply of inventory: 0.9 months
- Total active listings decreased by 49.5 percent
The attached MIBOR REALTOR® Association (MIBOR) Market Insights Report provides a market analysis of the 16 central Indiana counties within the MIBOR service area by creating a single, timely, reliable source of data. The report analyzes both month-over-month and year-over-year to give a view of the trends occurring in the central Indiana market. Consumers will also have access to specific county information for the 16 counties included in MIBOR’s Broker Listing Cooperative® (BLC®) listing service area: Bartholomew, Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Jackson, Jennings, Johnson, Madison, Marion, Montgomery, Morgan, Putnam, and Shelby counties.
To coincide with the new MIBOR Market Insights Report, MIBOR has added a consumer tool to allow members of the public to view a number of market metrics such as number of units sold, median sales price, number of new listings and more. The metrics are shown graphically to show the trends in the marketplace. To view the new Market Insights, visit www.mibor.com/marketinsights.
This information has been provided by MIBOR REALTOR® Association (formerly named the Metropolitan Indianapolis Board of REALTORS®), the professional association representing central Indiana's REALTORS®. MIBOR serves the needs of over 8,500 members in Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Montgomery, Morgan, and Shelby counties. MIBOR also supplies the BLC® service to REALTORS® in Bartholomew, Jackson, Jennings, and Putnam counties. MIBOR’s archive of housing data can be found at www.mibor.com/marketinsights.