Indianapolis Market Report

2011 Housing Market: Slow But Steady

In the first half of 2011, decreased housing activity and stable prices defined the central Indiana market according to the MIBOR Monthly Indicators Report of Broker Listing Cooperative® data. Closed sales for the first six months of 2011 dipped compared to the same time period last year, decreasing 12.7 percent. Closed sales in June 2011 compared to June 2010 dropped to a lesser degree of 6.3 percent.

Price, consistently the bright point, remained relatively stable. For the six months ending in June, median sales price was down one percent to $120,788 and average sales price ticked up just slightly to $150,797; a 1.1 percent increase. June only numbers provide a brighter price picture. Median sales price rose four percent in June while average sales price ticked up 2.9 percent.

June only pending activity provided the most positive indicator with pending sales climbing 19 percent for the month.

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 July 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.

New Listing!

Land & Renovated Barn - Located in Fayette on 267(close to Zionsville & Brownsburg). It's perfect for anyone wanting some land in the country or for a business that could use a barn. Click here to view virtual tour!

Good News for Indy!

Combining several lists: the U.S. Office of Management and Budget, the U.S. Bureau of Labor Statistics, Forbes, CNN, and Sperling's Best Places, these are the top five cities for both job opportunities and affordable housing.

1. Indianapolis, Indiana
This Hoosier city scored high on every list. The city boasts 10 sports teams, an a amazing city park system, including Canal Walk, and one of the nation's top museums, Indianapolis Children's Museum.
Labeled both the Amateur Sports Capital of the World and the Racing Capital of the World, Indianapolis has one of the lowest costs of living for a major metro area at nearly 18% less than the national average.
The median price for a home here is $120,000. Surrounded by thriving suburbs offering easy commutes into the city, as well as a variety of city living options, you can find great housing at a good price.
The job outlook is very optimistic, with jobs in management from the numerous corporate headquarters to scientific and tech jobs. The jobless rate in Indianapolis is less than 8% - that's nearly 3-5% below the national average.

Polo Match!

Polo Match this Saturday - Should be a great time & interesting!
2011 Boone County Polo Event
Saturday, July 16, 2011
Hickory Hall Polo Club, 7551 E. 100 N., Whitestown, Indiana 46075
Gates open at noon, match begins at 1:00 p.m.

Happy 4th of July!

“Everything that is really great and inspiring is created by the individual who can labor in freedom.” Albert Einstein. Happy 4th of July! Have a great long weekend!