Indianapolis 3rd Quarter Real Estate Market Report 2011

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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.


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