Local Market Update – March 2013 A RESEARCH TOOL PROVIDED BY THE METROPOLITAN INDIANAPOLIS BOARD OF REALTORS®
Boone County
- 21.7%
+ 11.0%
- 9.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Jan through Mar 2012
2013
New Listings
385
Closed Sales
165
Median Sales Price* Average Sales Price* Percent of Original List Price Received at Sale*
March
+/–
2012
2013
+/–
344
- 10.6%
166
130
- 21.7%
193
+ 17.0%
73
81
+ 11.0%
$194,000
$176,500
- 9.0%
$208,000
$187,500
- 9.9%
$248,582
$224,610
- 9.6%
$272,197
$222,128
- 18.4%
89.5%
89.2%
- 0.3%
89.8%
90.5%
+ 0.8%
Months Supply of Inventory
8.3
5.5
- 33.3%
8.5
5.5
- 34.8%
Single-Family Detached Inventory
522
426
- 18.4%
545
429
- 21.3%
Townhouse-Condo Inventory
22
14
- 33.8%
24
15
- 37.5%
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
2012
Jan through Mar
2013
2012
March
2013
166
385 344
130
165
- 10.6% New Listings
193
73
- 21.7% New Listings
+ 17.0% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
81
+ 11.0% Closed Sales
Indianapolis Metro Area
b
Boone County
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
1-2012
7-2012
1-2013
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Data obtained from the Broker Listing Cooperative® (BLC®). Provided by the Metropolitan Indianapolis Board of REALTORS® and Multiple Listing Service. | Powered by 10K Research and Marketing.