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Call Realtor Jim Cadawaler at (317) 446-1605 today.
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Jim Cadwalader
(317) 446-1605


Indianapolis, IN Area Real Estate Blog: Carmel, Fishers, Geist, Noblesville, Westfield, Indiana

 Indianapolis, IN Area Real Estate Blog
Home > Indianapolis, IN Area Real Estate Blog 
Tuesday, September 25 2012

In an ongoing trend, traditional market indicators continue to demonstrate that the Indianapolis and Central Indiana housing market is making a consistent recovery, with strong gains in activity and consistency in price.

According to the August Monthly Indicators Report of BLC® listing service data recently released by the Metropolitan Indianapolis Board of REALTORS® (MIBOR,) the number of closed sales in Central Indiana increased by 14.5% in the three months ending in August 2012 when compared to the same three-month period last year. In August alone, closed sales increased by 12.3 %.

Other findings in the report included:

  • Pending sales held pace, increasing 14.1% for the three-months ending in August, and growing by 14.0% for the single month of August.
  • Prices steadily grew. The median sales price of $134,900 represents a 4.2% increase for the quarter and a 2.48% increase in August.
  • The supply-demand balance stabilized as months supply of inventory was down 23.9% to 7.8 months in August.
For a more in-depth look at the state of the Indianapolis-area housing market, download the full MIBOR Monthly Indicators report. (PDF opens in new window)

This is just one more indication that right now is the time to buy a new home before prices go up too far and good deals become harder to find.

For help finding your new home in Carmel, Noblesville, Fishers, or anywhere in the north metro Indianapolis area, give me a call at (317) 446-1605.

With almost 20 years as a Hamilton County REALTOR® specializing in representing buyers, I can help you find the neighborhood and new home that meets the needs of you and your family.

Jim Cadwalader
President, HowToBuyAHome.com, Inc.

Posted by: Jim Cadwalader AT 07:50 am   |  Permalink   |  Email
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