MIBOR Report on 2010 Real Estate Activity

HERE IS A YEAR END SUMMARY FROM MIBOR ABOUT INDIANAPOLIS REAL ESTATE IN 2010

Year-End Data Shows Strong Price, Slow Activity

A persistent trend of increased home sale prices with decreased activity summarized 2010 according to the MIBOR Monthly Indicators Report of Broker Listing Cooperative® data released today. During 2010 in central Indiana, the average sale price of homes increased 6.8 percent to $151,832 when compared to 2009. Average sale price during the fourth quarter of 2010 also rose 6.8 percent to $152,142 when compared to the fourth quarter of 2009. During the past six months (July 2010-December 2010), average sale price increased 6.9 percent to $155,144 when compared to the same period in 2009.

A year-end review of 2010 reveals 21,463 sales closed in central Indiana, a 9.7 percent decrease from 2009. The number of closed sales decreased by 26.5 percent October 2010 through December 2010 when compared to the same months of 2009. Statewide, the number of closed sales during 2010 was 57,765, a 6.6 percent drop.

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 Jan. 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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