Quarterly MIBOR stats

According to statistics released this month by the Metropolitan Indianapolis Board of REALTORS® (MIBOR), nearly 4,500 homes sold in the three-month period ending in January for an average sales price $125,700. Here in my office, we seemed to have a very good month so I am a little surprised to see MIBOR is down so much. I sold 3 homes in January alone, and that gave me a total sales volume of over half a million!

Key local findings:

•Average sale price increased in two of the 13 counties. Decatur and Putnam counties experienced 37 and 10 percent increases, respectively, during the November 2008 – January 2009 period.

•Current housing inventory levels are steady at 8 months, compared to 8.8 for the same period in 2008. (GOOD! Inventory is going down, this is great because that means there aren’t so many homes on the market)

•The units sold over the last three months are down 16 percent. The units sold are down 12 percent for the last six months and 14 percent for the last 12 months.

•New listings in January 2009 decreased 28 percent from the same month last year. Over the past 12 months, the total number of new listings have fallen 14 percent

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