First quarter housing numbers prove that buying and selling is a hot topic in central Indiana as closed and pending sales activity increased in double digit fashion. The March Monthly Indicators Report of BLC® listing service data released by MIBOR today shows that pending sales were up 14.5 in the first quarter of 2012 and up 8.6 percent in March alone. Months supply of inventory was down 15.8 percent for the quarter to land at 7.8 months. Closed sales were also strong with units sold up 18.3 for the quarter and 10.1 percent in March alone.
Home prices continue to increase at a steady pace. The Median sales price increased 4.9 percent to $118,500 for the first quarter and jumped 8.5 percent in March. Average sales price followed with a quarterly increase of 3.7 percent to $146,277 and a 7.8 percent increase in March to $153,660.
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 April 18. 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.
