INDIANAPOLIS — Double-digit increases dominated the market in November, according to statistics released today by the Metropolitan Indianapolis Board of REALTORS®. Both units sold and pended increased by 16 percent during the September to November 2009 period, when compared to the same period in 2008. Units sold and units pended also increased 6 and 9 percent, respectively, during the six-month period ending in November.
Total sales volume, average sale price and median sale price also increased during the three-month period. Total sales volume increased 19 percent to $950 million, while average and median sale price increased 2 and 4 percent, respectively.
Additional key local findings:
- Months of available supply continue to decrease for homes priced under $75,000 up to $500,000
- Months of supply, regardless of price point, were down to 7.8 months in November 2009 compared to 9.6 months in November 2008
- New listings during the September to November 2009 period decreased by 5 percent from the same period in 2008