Indianapolis (June 2016) - Sales Up 3.5%, Avg Sales Price up 1.5%

[Matthew Schroeder]

According to the Metropolitan Indianapolis Board of Realtors (MIBOR), existing-home sales in central Indiana increased 5.4% in June year-over-year, as inventory continued to shrink & average sale prices continued to rise

In Marion County (a proxy for the city of Indianapolis), closed sales rose 3.5% in June from the same month in 2015, from 1,432 to 1,482.  The average sale price rose 1.5 percent, from $128,090 to $130,000.  Inventory is tighter, with 4.0 months of supply in June 2016 versus 5.3 months of supply a year ago.

Central Indiana (MIBOR) - Existing Home Sales Prices Rise (IBJ)

MIBOR (June 2016) - Full Report