Grace & Agape Real Estate Services, LLC

Closed Sales Rise Again in September

Housing data released by MIBOR today shows a 14.7 percent increase in closed sales for the month of September and a 8.7 percent increase for the quarter ending in September compared to the same time periods one year ago. Pending sales rose just 0.1 percent in September and 5.6 percent increase for the quarter. For the secpnd month, housing data from Bartholomew and Jennings counties have been incorporated into the full MIBOR service area as the transition of data from the Crossroads listing service to the BLCĀ® listing service is now complete. While the addition of two counties does account for some increase, closed activity in Bartholomew and Jennings counties account for 122 of the 3,196 closings for the month.

Prices continue a consistent increase with median sales price increased up 8.4 percent in September to $159,900 and average sales price up 9.0 percent to $197,696. For the quarter ending in September, median sales price is up 5.0 percent and average sales price has increased 2.9 percent. Months of inventory shrank even more to 3.8 months despite a 6.0 percent increase in new listings in September.

Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. The data was pulled from the BLCĀ® listing service on September 19th.

 

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