Pending and closed sales achieved respectable gains in central Indiana according to the latest MIBOR Monthly Indicators Report of Broker Listing Cooperative® data. Closed sales for the three months ending in August rose 15.1 percent and 33.5 percent in August alone. Pending sales rose 11.2 percent in the three-month view and 7.2 percent in August.
Price, consistently the bright point, remained stable. For the three months ending in August, median sales price was up 3.6 percent to $129,500 and average sales price ticked up to $165,122; a 2.3 percent increase. August only, while still in the positive, saw less increase. Median sales price rose 1.6 over the previous August and average remained consistent, up by 0.6 percent.
In less good news, months of supply remains high; 10.3 months when examining the three months ending in August and 9.9 months for august only. Both are increases over the same time periods last year. 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 Sept. 16.
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