Closed Sales Increase for the Month of December 2016
Housing data released by MIBOR today shows a 4.2 percent increase in closed sales for the month of December and a 10.4 percent increase for the quarter ending in December compared to the same time periods one year ago. Pending sales decreased 1.5 percent in December, and decreased 2.2 percent for the quarter. For the fifth month, housing data from Bartholomew and Jennings counties has been incorporated into the full MIBOR service area as the transition of data from the Crossroads listing service to the BLC® listing service is now complete. While the addition of two counties does account for some increase, closed activity in Bartholomew and Jennings counties account for 91 of the 2,765 closings for the month.
Prices continue a consistent increase with median sales price up 6.3 percent in December to $153,000 and average sales price up 6.0 percent to $194,462. For the quarter ending in December, median sales price is up 6.3 percent and average sales price has increased 5.4 percent. Months of inventory decreased to 3.0.
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 January 19th. 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.