INDIANAPOLIS -- According to statistics released this month by the Metropolitan Indianapolis Board of Realtors (MIBOR), nearly 4,500 homes sold in the three-month period ending in January for an average sales price $125,700,
Key local findings:
*Average sale price increased in just two of the 13 counties. Decatur and Putnam counties experienced 37 and 10 percent increases, respectively, during the November 2008 -- January 2009 period.
*Current housing inventory levels are steady at 8 months, compared in 8.8 for the same period in 2008.
*The units sold over the last three months are down 16 percent. The units sold are down 12 percent for the last six months and 14 percent for the last 12 months.
*New listings in January 2009 decreased 28 percent from the same month last year. Over the past 12 months, the total number of new listings have fallen 14 percent
In the attached statistical analysis, Page 2 details county-specific information on units sold. Page 3 details county-specific information on average sale price and sold properties by price point. Page 4 provides months of supply by county and by price point. Additional statistics compare units sold, units pended, new residential listings and median sale price in central Indiana over the past two years.
These statistics are based on data generated by MIBOR on Feb. 18, 2009. Data is updated daily and can be accessed by calling (317) 956-5232.
Graphs are available for download at www.MIBOR.com