MIBOR Releases 3rd Quarter Numbers…

And September sales increased 11.3% over 2011!  Read below for full article…
Local housing performance in the third quarter of 2012 played out much like the first half of the year with impressive amounts of consumer interest and slow, steady price gains. The September Monthly Indicators Report of BLC® listing service data released by MIBOR today reveals that pending sales were up 14.9 percent and closed sales increased by 13.1 percent for the three months ending in September. Closed sales for September alone increase 11.3 percent over last September and pendeds jumped 11.8 percent. Prices were stable but not dramatically higher, reinforcing the slow and steady gains seen throughout 2012. In the third quarter, the median sales price increased 2.0 percent to $131,500. Average sales price inched by 1.2 percent to $166,211. The balance of housing stock continue to stabilize with the months supply of inventory figure down 23.1 percent to 7.6 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 October 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.

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