Some Local Real Estate Stats for Year End 2013 Activity

Local Market Review: Sales Pace Slows, Prices Get a Lift

Housing data released by MIBOR today shows a slower pace of closed and pended sales through November 2013 with a continued bump in pricing. As expected, the decrease in pended sales witnessed in October resulted in less robust closed sales for November with closed sales down 3.9 percent for the month; the first decrease of 2013. Closed sales are strong across the year however, up 18 percent for the last 12 months and up 5.4 percent in the quarter ending in November. According to the MIBOR Monthly Indicators Report, prices maintain a steady climb with median sales price up 5.4 percent for the quarter, and up 4.8 for the month of November.  Average sales increased 5.7 percent in November and 5.1 percent for the quarter ending in November. The current average sales price in central Indiana is $168,342; median sales price is $132,000. Inventory is at an even five months. Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. The data was pulled from the BLC® listing service on December 17. To download the Monthly Indicators report, click here. To view the one-page county reports, click here. Please note, due to the length of the reports, it may take a few minutes to download. If you have questions regarding the data, please click here.

Mortgage Rates to Continue to Rise???

The market this week is betting on a good jobs report, and rates continuing to rise. Friday, we give the full update. Here is what CNBC thinks as of today...