Gross sales of current single-family properties in central Indiana slowed in December, however 2021 remained a stable yr for the residential actual property market.
Accomplished gross sales within the 16-county space dipped from 3,402 in December 2020 to three,323 final month—a lower of two.3%, in response to the most recent information from the MIBOR Realtor Affiliation. Yr-over-year gross sales have fallen in three of the previous 4 months.
On a yearly foundation, space gross sales have been up 4.1% in 2021, to 39,486, in contrast with gross sales of 37,942 in 2020.
The gross sales enhance got here regardless of escalating costs and restricted stock.
The median worth for properties offered within the space in 2021 jumped 14.5%, to $249,000, in contrast with $217,500 in 2020.
The energetic stock in December dropped 13.8%, to 2,094 homes, on a year-over-year foundation. The median worth in December was up 14.9%, to $255,000.
New listings have been up 2.3% in December on a year-over-year foundation, to 2,162, however have been down 29.6% from November.
In Marion County—probably the most energetic market in central Indiana—closed gross sales in December dipped 1.9%, to 1,291.
The median gross sales worth within the county rose 15.8%, to $220,000. New listings fell 1.4%, to 855. The stock of accessible single-family indifferent homes sank 19.3%, to 858.
For the complete yr, Marion County skilled a 7.7% rise in closed gross sales, to fifteen,507. The median worth of offered homes throughout the yr was $210,000, up 16.4%.
Different space counties
In Hamilton County, gross sales dropped 10.1%, to 532, in December. The median gross sales worth rose 21.2%, to $400,000. The stock of homes fell 59.9%, to 153.
Closed gross sales fell 4.4% in Hamilton County throughout your complete yr, to 7,057.
In Hendricks County, gross sales sank 21.2% in December, to 249, and the median gross sales worth elevated 27%, to $314,000. Full-year gross sales have been down 2%, to three,058.
In Johnson County, gross sales decreased 3.5% in December, to 272, and the median gross sales worth rose 21.6%, to $291,813. Full-year gross sales elevated 2.9%, to three,061.
Gross sales in Boone County have been up 20% final month, to 120, whereas the median worth of a house rose 2%, to $357,245. Full-year gross sales rose 0.1%, to 1,374.
Hancock County gross sales have been up 17.4% in December, to 169, and the median worth rose 26.5%, to $285,000. Full-year gross sales elevated 11.2%, to 1,713.
Gross sales have been up 19.1% in Madison County final month, to 193. The median gross sales worth elevated 20.9%, to $171,000. Full-year gross sales rose 23.2%, to 2,092.
Morgan County gross sales decreased 17.3% in December, to 86, and the median gross sales worth rose 16%, to $242,500. Full-year gross sales dipped 3%, to 1,143.
Shelby County noticed 51 closed residence gross sales in December, up from 50 the earlier yr. The median worth elevated 20.3%, to $184,000. Full-year gross sales rose 1.8%, to 568.