Hamilton County closings make huge jump


Closed home sales in Hamilton County made a 24.3-percent jump in September, compared to September 2011, according to news released last week by the Metropolitan Indianapolis Board of Realtors (MIBOR) as part of its quarterly real estate update.

September saw 465 closed sales compared to 374 in September 2011, and the July-September period in 2012 logged 1,595 closings against 1,281 for the comparable 2011 timeframe.

The jump in closings was the largest such market improvement, but was not the only increase in activity.

For the period of July through September, new listings were up 3.5-percent over the same stretch in 2011. Also improved over the same time frame was the percent of original list price received at sale – up a tick at .7-percent. In terms of comparing strictly September 2011 and September 2012, that same category saw a 2.3-percent gain.

Negatives for July-September 2011 versus 2012 were median sales price (-5.3-percent) and average sales price (-4-percent). In a September to September analysis, new listings dropped 2-percent, median sales price saw a 3.4-percent decrease and average sales price waned by 5-percent.

The report also listed drops in months’ supply of inventory, single-family detached inventory and townhouse-condo inventory over both comparison groups. Those numbers were -28.1, -13.1 and -18.4 percent, respectively, for July-September 2012 against that 2011 stretch. Those numbers were -29.2 percent, -15.4-percent and -13.7-percent, respectively, for the September to September analysis.