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Indy Housing Market Update

Welcome again to another issue of the Indy Housing Market Update... where I briefly summarize the current trends of our local housing market, and provide a link to the latest home sale statistics from our local board, the Mid-Indiana Board of Realtors (MIBOR).

Hot Topics for the Month of August

Median sales prices grew more than 5% year-over-year and have now reached an all time high at nearly $200,000. This growth rate is opposite to what we are seeing nationally and undoubtedly being aided by the recent decline in mortgage rates. These factors, along with low inventory, make for a highly competitive market even compared to what we are seeing nationally. As our market heats up, potential buyers and sellers should look to their REALTOR for guidance.

Year-over-Year data for June:

  • Median sales price increased 5.2% to $199,000
  • Average days on market decreased to 34
  • Current active listings increase to 5,731

Summary of June, 2019 MIBOR Report

Here is a breakdown of the market data from MIBOR's 16-county service area for the month of June, 2019:

  • Number of SOLDS:  June, 2019 compared to last June: (-6.9%)
    • Marion County (-5.1%)
    • Hamilton County (-17.5%)
  • Number of PENDINGS:  June, 2019 compared to last June: (+12.5%)
    • Marion County (+12.6%)
    • Hamilton County (+10.2%)
  • Number of NEW LISTINGS:  June, 2019 compared to last June: (-8.5%)
    • Marion County (-9.7%)
    • Hamilton County (-16.9%)
  • The MEDIAN SALES PRICE for June, 2019 compared to last June: (+5.2%)... to $199,000
    • Marion County (+7.1%)... to $166,000
    • Hamilton County (+5.2%)... to $322,000
  • The PERCENT OF ASKED PRICE RECEIVED for June, 2019 compared to last June: (-0.1%)... to 98.3%
    • Marion County (-0.1%)... to 98.5%
    • Hamilton County (-0.3%)... to 98.5%
  • Number of DAYS ON MARKET for June, 2019 compared to last June: (+9.7%)... to 34 days
    • Marion County (+30.4%)... to 30 days
    • Hamilton County (+2.6%)... to 40 days
  • ACTIVE INVENTORY for June, 2019 compared to last June: (-2.9%)... to 5,731 homes
    • Marion County (+0.6%)... to 1,955 homes
    • Hamilton County (-4.9%)... to 1,266 homes
  • The ABSORPTION RATE for June 2019 compared to last June: (+6.7%)... to 1.6 months
    • Marion County (+7.1%)... to 1.5 months
    • Hamilton County (+12.5%)... to 1.8 months

Read the June, 2019 MIBOR report 

Thanks again for your support... and your referrals. Have a great month!

Curt Mikulla


Hot House Realty



www.mainmasters.com  (a unique website devoted to the search for 1-level homes in the greater Indpls. area)

317-201-7676 (mobile)

Indianapolis Star 2012-2019 Five Star Real Estate Agent Award Winner