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.
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