First Quarter Home Sales, Market Activity Increase
MIBOR releases three-, six- and 12-month central Indiana statistics

INDIANAPOLIS — Units sold in central Indiana increased in the quarterly, six-month and 12- month comparisons, according to statistics released today by the Metropolitan Indianapolis Board of REALTORS®. During first quarter 2010, homes sold increased to 4,634, a 1 percent increase when compared to first quarter 2009. A six-month comparison shows that units sold increased 13 percent to 11,016 when compared to October 2008-March 2009. When compared to the previous 12-month period, units sold increased 1 percent to 25,103.

Units pended, a key indicator of market activity, also increased 11 percent during first quarter 2010, when compared to the same period in 2009. The six- and twelve-month comparisons show an increase of 11 percent and 5 percent, respectively.

Additional key local findings:

• Total sales volume during the first quarter increased 12 percent to $637 million.
  
• Months of supply, regardless of price point, decreased to 8.2 months in March 2010 compared to 9.0 months in March 2009.
  
• Average sale price increased 11 percent to $137,647 during first quarter when compared to the same period in 2009.
  
• Median sale price increased 12 percent to $109,900 during first quarter 2010 when compared to the same period 2009.
  

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.