INDIANAPOLIS – According to statistics released this month by the Metropolitan Indianapolis Board of REALTORS® (MIBOR), pended sales continued an encouraging trend. During the second quarter of 2009, 7,218 homes pended. While down 6 percent from the same three-month period in 2008, the decrease continues to improve when compared to the double-digit declines seen earlier in the year. Pended home sales are a forward-looking indicator based on contracts signed, but not closed.
Months of supply decreased from 10.2 months in June 2008 to 8.9 in June 2009.
Overall properties sold during April to June 2009 totaled 6,735, which represents a 10 percent decrease from the same period in 2008. Home sales increased 7 percent in Boone County, 12 percent in Brown County, 4 percent in Johnson County and 3 percent in Madison County.
Additional key local findings:
- Hancock and Hendricks counties both experienced a slight increase in sale price during April to June 2009, compared to the same period in 2008.
- During the three-month period ending May 31, 12,652 units were listed.
- The average sale price of units from April to June was $139,758.
In the attached statistical analysis, Page 2 details county-specific information on units sold. Page 3 details county-specific information on average sale price and sold properties by price point. Page 4 provides months of supply by county and by price point. Additional statistics compare units sold, units pended, new residential listings and median sale price in central Indiana over the past two years.
These statistics are based on data generated by MIBOR on July 21, 2009. Data is updated daily and can be accessed by calling 317-956-5232.
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Total Population in 2008 |
880,380 |
269,785 |
67,282 |
137,240 |
139,158 |
|
20 Year Population Change |
11.8% |
167.2% |
50.5% |
85.4% |
63.2% |
|
Domestic Migration 07-08 |
-5,040 |
5,733 |
643 |
1,941 |
2,197 |
|
International Migration 07-08 |
1,855 |
229 |
5 |
54 |
72 |
|
Natural Increase 07-08 |
7,338 |
3,026 |
508 |
958 |
858 |
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Working Age Population (18+) 2007 |
642,318 |
183,652 |
49,541 |
99,219 |
100,805 |
|
Median Age 2007 |
35.5 |
33.8 |
37.2 |
35.1 |
35.8 |
|
White Population 2007 |
618,127 |
238,728 |
63,627 |
125,130 |
130,527 |
|
Non-White Population 2007 |
258,677 |
22,933 |
2,678 |
9,428 |
5,424 |
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Hispanic Population 2007 |
61,062 |
7,518 |
865 |
2,908 |
3,042 |
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Total Households 2000 |
352,164 |
65,933 |
20,718 |
37,275 |
42,434 |
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Family % of Households 2000 |
60.6% |
77.1% |
78.0% |
78.0% |
74.5% |
|
Average # in Family Households 2000 |
4.03 |
3.64 |
3.45 |
3.62 |
3.67 |
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Labor Force |
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Labor Force, Employed 2008 |
438,972 |
136,542 |
34,451 |
70,009 |
70,610 |
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Labor Force, Rate 2008 |
5.6 |
3.8 |
4.8 |
4.3 |
4.7 |
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Average Travel Time to Work 2000 |
22.96 |
25.28 |
25.88 |
25.58 |
24.69 |
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Workers Living in County 2000 |
424,397 |
94,555 |
28,182 |
52,999 |
58,805 |
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% Working in County 2000 |
86.8% |
45.9% |
36.0% |
36.9% |
41.8% |
|
% Working Elsewhere 2000 |
13.2% |
54.1% |
64.0% |
63.1% |
58.2% |
|
People Working in County 2000 |
545,331 |
85,092 |
17,138 |
33,029 |
40,497 |
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% Living in County 2000 |
67.5% |
51.0% |
59.2% |
59.2% |
60.8% |
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% Living Elsewhere 2000 |
32.5% |
49.0% |
40.8% |
40.8% |
39.2% |
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Gross Flow 2000 |
233,180 |
92,935 |
25,020 |
46,932 |
50,096 |
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Net Flow 2000 |
120,934 |
-9,463 |
-11,044 |
-19,970 |
-18,308 |
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% Bach. Degree 2000 |
16.7% |
33.3% |
15.0% |
16.5% |
14.8% |
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% Graduate or Prof. Degree 2000 |
8.7% |
15.6% |
7.2% |
6.6% |
8.3% |
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Income and Earnings |
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Per Capita Personal Income 2007 |
$37,936 |
$46,378 |
$39,643 |
$34,311 |
$33,624 |
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% Change 1987 to 2007 |
127.0% |
112.0% |
156.4% |
118.0% |
114.8% |
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Median Family Income 2007 |
$55,386 |
$93,597 |
$71,170 |
$73,499 |
$74,359 |
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Median Household Income 2007 |
$45,071 |
$81,916 |
$62,005 |
$66,251 |
$59,333 |
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Avg. Wage Per Job 2007 |
$45,144 |
$43,257 |
$36,224 |
$31,289 |
$30,383 |
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Housing Stock |
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Total Housing Units 2007 |
418,061 |
99,413 |
27,480 |
54,708 |
55,468 |
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% Owner Occupied |
52.6% |
73.2% |
75.7% |
76.5% |
68.1% |
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% Renter Occupied |
32.6% |
20.1% |
14.9% |
16.7% |
24.0% |
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% Vacant |
14.8% |
6.7% |
9.5% |
6.9% |
7.9% |
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Building Permits – Total Units 2008 |
1,895 |
2,244 |
388 |
910 |
796 |
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% Single Family |
29.1% |
40.4% |
28.3% |
45.2% |
34.8% |
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% Multi-Family |
36.5% |
17.2% |
37.0% |
19.1% |
25.5% |
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Home Sales |
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Total Units Sold 2006 |
15,601 |
5,725 |
968 |
2,521 |
2,206 |
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Built since 2000 |
15.8% |
44.6% |
33.4% |
40.3% |
30.6% |
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Total Units Sold 2006 |
15,606 |
5,727 |
968 |
2,521 |
2,208 |
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% Single Family |
96.1% |
100.0% |
100.0% |
100.0% |
99.9% |
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Total Units Sold 2006 |
15,599 |
5,725 |
968 |
2,521 |
2,206 |
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%Under $100K |
49.2% |
5.1% |
25.8% |
14.9% |
31.7% |
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%Under $150K |
78.0% |
28.0% |
61.0% |
55.2% |
63.7% |
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%Over $150K |
22.0% |
72.0% |
39.0% |
44.8% |
36.3% |
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Median Value 2006 |
$101,000 |
$197,500 |
$132,325 |
$143,000 |
$125,000 |
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Median Square Footage 2006 |
1,686 |
2,524 |
1,895 |
1,930 |
1,737 |
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% 1400sq.ft. & Under. |
31.6% |
11.1% |
23.6% |
18.6% |
29.7% |
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% 2400sq.ft. & Over. |
21.0% |
52.2% |
30.1% |
32.8% |
27.2% |
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Total Units Sold 2006 |
15,599 |
5,725 |
968 |
2,521 |
2,206 |
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% Change since 2000 |
43.0% |
45.7% |
42.4% |
77.5% |
55.0% |
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% Existing Homes |
91.0% |
81.0% |
88.0% |
86.9% |
89.7% |
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% New Construction |
5.1% |
19.0% |
12.0% |
13.1% |
10.3% |
This information has been provided by the Metropolitan Indianapolis Board of REALTORS® (MIBOR). MIBOR is the professional association representing central Indiana‘s REALTORS®. MIBOR serves the needs of more than 6,500 members in Boone, Brown, Hamilton, Hancock, Hendricks, Johnson, Marion, Montgomery, Morgan and Shelby counties. MIBOR also supplies the Broker Listing Cooperative® (BLC®) listing service to REALTORS® in Decatur, Madison and Putnam counties.
