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MIBOR Releases Latest Housing Data

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.


Marion Co, IN

Hamilton Co, IN

Hancock Co, IN

Hendricks Co, IN

Johnson Co, IN

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

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

Hispanic Population 2007

61,062

7,518

865

2,908

3,042

Total Households 2000

352,164

65,933

20,718

37,275

42,434

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

Labor Force

Labor Force, Employed 2008

438,972

136,542

34,451

70,009

70,610

Labor Force, Rate 2008

5.6

3.8

4.8

4.3

4.7

Average Travel Time to Work 2000

22.96

25.28

25.88

25.58

24.69

Workers Living in County 2000

424,397

94,555

28,182

52,999

58,805

% 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

% Living in County 2000

67.5%

51.0%

59.2%

59.2%

60.8%

% Living Elsewhere 2000

32.5%

49.0%

40.8%

40.8%

39.2%

Gross Flow 2000

233,180

92,935

25,020

46,932

50,096

Net Flow 2000

120,934

-9,463

-11,044

-19,970

-18,308

% Bach. Degree 2000

16.7%

33.3%

15.0%

16.5%

14.8%

% Graduate or Prof. Degree 2000

8.7%

15.6%

7.2%

6.6%

8.3%

Income and Earnings

Per Capita Personal Income 2007

$37,936

$46,378

$39,643

$34,311

$33,624

% Change 1987 to 2007

127.0%

112.0%

156.4%

118.0%

114.8%

Median Family Income 2007

$55,386

$93,597

$71,170

$73,499

$74,359

Median Household Income 2007

$45,071

$81,916

$62,005

$66,251

$59,333

Avg. Wage Per Job 2007

$45,144

$43,257

$36,224

$31,289

$30,383

Housing Stock

Total Housing Units 2007

418,061

99,413

27,480

54,708

55,468

% Owner Occupied

52.6%

73.2%

75.7%

76.5%

68.1%

% Renter Occupied

32.6%

20.1%

14.9%

16.7%

24.0%

% Vacant

14.8%

6.7%

9.5%

6.9%

7.9%

Building Permits – Total Units 2008

1,895

2,244

388

910

796

% Single Family

29.1%

40.4%

28.3%

45.2%

34.8%

% Multi-Family

36.5%

17.2%

37.0%

19.1%

25.5%

Home Sales

Total Units Sold 2006

15,601

5,725

968

2,521

2,206

Built since 2000

15.8%

44.6%

33.4%

40.3%

30.6%

Total Units Sold 2006

15,606

5,727

968

2,521

2,208

% Single Family

96.1%

100.0%

100.0%

100.0%

99.9%

Total Units Sold 2006

15,599

5,725

968

2,521

2,206

%Under $100K

49.2%

5.1%

25.8%

14.9%

31.7%

%Under $150K

78.0%

28.0%

61.0%

55.2%

63.7%

%Over $150K

22.0%

72.0%

39.0%

44.8%

36.3%

Median Value 2006

$101,000

$197,500

$132,325

$143,000

$125,000

Median Square Footage 2006

1,686

2,524

1,895

1,930

1,737

% 1400sq.ft. & Under.

31.6%

11.1%

23.6%

18.6%

29.7%

% 2400sq.ft. & Over.

21.0%

52.2%

30.1%

32.8%

27.2%

Total Units Sold 2006

15,599

5,725

968

2,521

2,206

% Change since 2000

43.0%

45.7%

42.4%

77.5%

55.0%

% Existing Homes

91.0%

81.0%

88.0%

86.9%

89.7%

% 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.