Market Report

 
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January 2019 is a Neutral Market
*

Home For Sale in January 2019: 199 units
• Down 9.5% compared to last month
• Down 16.7% compared to last year

Home Closed in January 2019: 52 units
• Down 47.5% compared to last month
• 0% compared to last year
Home Placed under Contract in January 2019: 81 units
• Up 17.4% compared to last month
• Up 5.2% compared to last year

*Buyer's Market: more than 6 months of inventory based on closed sales
 Seller's Market: less than 3 months of inventory based on closed sales
 Neutral Market: 3 - 6 months of inventory based on closed sales


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January 2019 Average Sold Price per Square Footage is Neutral*

Average Sold Price per Square Footage in January 2019: $107 

• 0% compared to last month
• Up 13.8% compared to last year

*Based on 6 month trend - Appreciating/Depreciating/Neutral


 
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January 2019 Average Days on Market trend is Rising*

Average Days on Market in January 2019: 68 

• Up 44.7% compared to last month

• Up 7.9% compared to last year

January 2019 Sold/Original List Price Ratio Remains Steady
*

Sold/Original List Price % in January 2019: 94% 
• Down 1.1% compared to last month
• Down 1.1% compared to last year

*Based on 6 month trend - Rising/Falling/Remains Steady


 
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January 2019 Average For Sale Price is Depreciating*

Average For Sale Price in in January 2019: $502,000
• Down 4.6% compared to last month
• Up 1.6% compared to last year

January 2019 Average Sold Price is Neutral*

Average Sold Price in January 2019: $323,000
• Down 5.8% compared to last month
• Up 27.7% compared to last year

*Based on 6 month trend - Appreciating/Depreciating/Neutral

 

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January 2019 is a Seller’s Market*

Months of Inventory based on Closed Sales in January 2019: 3.8 
• Down 72% compared to last month
• Up 17.4% compared to last year


*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales



* All reports are published February 2019, based on data available at the end of January 2019, except for the today stats. This representation is based in whole or in part on data supplied by the Metropolitan Indianapolis Board of REALTORS(r) or its Multiple Listing Service. Neither the Board nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. This statistical information is produced by and for the exclusive use of the F.C. Tucker Company. Report reflects activity by all brokers participated in the MLS.