A one- and three-month review of local housing data reveals an increase in the number of closed sales in Hamilton County, according to a report from the Metropolitan Indianapolis Board of REALTORS® (MIBOR).
During May 2012 to July 2012, the number of closed sales in Hamilton County increased by 28.1 percent when compared to the same months in 2011. Closed sales increased by 30 percent in the July-only comparison within Hamilton County.
Median sales prices in the county increased to $205,250 during May 2012 to July 2012, a 0.1 percent increase.
During the one-month period of July 2012, median sales prices decreased by 2.5 percent to $214,500. The average sales price of homes in Hamilton County decreased by 4.1 percent to $244,770 when compared to the same three-month period in 2011 and decreased by 5 percent in the one-month comparison to $249,946.
Additional key central Indiana findings:
- Pending sales increased by 18.4 percent in July.
- Months of supply decreased more than 24 percent to 7.8 months in July.
- Closed sales increased by 18.4 percent in July.