How is Indianapolis Real Estate Market doing?! - Mibor Stats as of 01May08 YTD.

Okie, I get some flack from people who say I shouldn’t post this info, but the market is what it is, so I will post it…

This is data pulled from the MIBOR BLC. This is Sold homes from Jan 01 to May 01 of the years 2005, 2006, 2007, and 2008… These stats let you know where we are at in comparison to other years. These numbers do not show homes that are sold outside of the mibor BLC system(FSBO’s, lease to owns, contract sales, etc). Mibor predominitely covers Central Indiana.

Three basic fields i am charting off of:
# Sold = The total number of homes that closed 01Jan-01May for each year.
Average Price = Average sold price for all of the homes that closed 01Jan-01May for each year.
Days On Market = is the average number of days that it takes to sell a home that closed 01Jan-01May for each year.

Note: There are residential areas in Indianapolis that are doing a lot better than these averages, and areas that are doing worse.. Some of the suberbs cover multiple “areas”, and are hard to pull stats from. This is just the OVERALL Average for all of the MIBOR BLC…

Note2: I also show Aprils data for a comparison. It is the lower section of the spreadsheet.

1-Jan	to	1-May
	# Sold	Avg # Sold	Avg Price	Avg % Price	Days On Market
2005	9425		$143,982.00		86
2006	10375	110.08%	$147,344.00	102.34%	86
2007	10040	96.77%	$143,844.00	97.62%	92
2008	8190	81.57%	$136,340.00	94.78%	105
1-Jan	to	1-Apr
	# Sold	Avg # Sold	Avg Price	Avg % Price	Days on Market
2006	8185		$145,275.00		87
2007	7919	96.75%	$140,954.00	97.03%	93
2008	6387	80.65%	$135,675.00	96.25%	107

Basically, make your own assessments about where we are this year. Overall, we are down a little over 18% in number of units sold, and avg sale price is a little over 5% down. Days on market is up compared to last year, but down compared to April’s figures… It’s pretty confusing…

Let me know if you want to see other figures, and or have any questions,

PS - I just realized something else that might be useful.. There is 22,184 active listings in the mibor system. Active meaning looking for buyers. I’ll add this to future spreadsheets.