Indianapolis Area Local Market Report, Third Quarter 2011
Today's Market‌ Median Price (Red Line) and One-year Price Growth $140,000
25%
$120,000
20%
$100,000
15% 10%
$80,000
5% $60,000
0%
$40,000
-5%
$20,000
-10% -15%
$0 2002 Q1 2003 Q1 2004 Q1 2005 Q1 2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3
Indianapolis
U.S.
Local Trend
$129,400 4.9% 9.8%
$169,267 -4.3% -16.0%
Prices continue to grow relative to last year
3-year (12-quarter) Housing Equity Gain*
$11,500
-$32,233
7-year (28 quarters) Housing Equity Gain*
$900
-$29,733
9-year (36 quarters) Housing Equity Gain*
$9,000
$2,267
$417,000 $271,050 31%
$729,250 $417,000
Price Activity Current Median Home Price (2011 Q3) 1-year (4-quarter) Appreciation (2011 Q3) 3-year (12-quarter) Appreciation (2011 Q3)
This area has held onto positive equity growth despite the national market decline
*Note: Equity gain reflects price appreciation only
Conforming Loan Limit** FHA Loan Limit
Most buyers in this market have access to government-backed financing
Local Median to Conforming Limit Ratio not comparable **Note: the 2009 loan limits for FHA and the GSEs were extended through 2010.
1,000s
State Home Sales (Red Line) and Sales Growth
180
30%
160
20%
140
10%
120
0%
100 80
-10%
60
-20%
40
-30%
20 0
-40% 2002 Q1 2003 Q1 2004 Q1 2005 Q1 2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3
Home Sales State Existing Home Sales (2011 Q3 vs 2010 Q3)
Indiana
U.S.
18.6%
17.0%
The sales level is much higher than a year ago and growing.