MIBOR June Market Report Released

In Indianapolis real estate, a review of BLC® listing service market data by the Metropolitan Indianapolis Board of Realtors (MIBOR) reveals that 7,218 homes pended, 6,735 homes sold and 12,652 new listings posted in the three months ending in June. The pended number – down 6 percent from the same three months in 2008 – continues the encouraging pending shrinkage experienced in May.

Units sold for the quarter are down 10 percent. Average and median sales prices are down six and nine percent respectively. The report reveals that the months of supply for the Indianapolis region as a whole is down to 8.9 months from 10.2 in June 2008.

The one month numbers were stronger, with units sold down two percent and pended homes up one percent. For the one month period of June, sales increased in Boone, Brown, Decatur, Hancock, Johnson, Madison and Montgomery counties.

In total, these data sets are intended to be a snapshot of the market, providing information down to a county level in some cases. The data was pulled on July 21. These reports are also intended to be for member use only; data of this detail is not distributed by MIBOR to the media or the general public.