MIBOR SERVICE AREA (1-5) BARTHOLOMEW COUNTY (6) …

The housing market is one of the largest and most important sectors of the U.S. economy. To understand the trends within the market one must analyze activity both month-over-month and year-over-year. In this Market Insights Report, MIBOR REALTOR? Association (MIBOR) provides a market analysis of the 16 central Indiana counties within the MIBOR service area by creating a single, timely, reliable source of data.

In this report, MIBOR has separated townhouse/condo inventory and properties for lease from the aggregated totals. This decision was made to add clarity to the data as the single-family residential segment is typically the focus. However, as our research shows, walkable neighborhoods with mixed use property types is becoming a consumer preference and a good investment for municipalities. Given this information, we have added a section to the report to address condos and "condo lifestyle" as it is defined within our data.

To create a comprehensive view of the market, MIBOR has scheduled the data pull to happen on the 5th day of the month for the prior month. After review, the the completed reports are posted by the second Friday of the month at marketinsights.

After analysis of the December 2020 data, this is what our experts are saying:

"The Indianapolis story continues to revolve around inventory levels. With only 2,396 active listings and just 0.7 months of inventory, inventory levels are, again, at an alltime low," said Shelley Specchio, MIBOR CEO. "New listings saw the strongest yearover-year monthly gain of 2020, increasing by 20.0% over last December proving that REALTORS? are doing a great job at communicating the state of the market to potential sellers."

Dr. Elliot Eisenberg, an internationally acclaimed economist and public speaker says, "Looking into 2021, despite job growth stalling, household spending sliding, and Covid-19 spreading, I believes that economically speaking, 2021 is shaping up well. Exceptionally expansive fiscal policy is and will be critical, as will the unprecedented promise of low rates for much longer from the Fed. We should see the economy take off once Sars-Cov-2 is defeated. I expect to see total 2021 GDP growth in the vicinity of 4.25%, after what will probably be a pretty weak 21Q1. Moreover, firms are adopting new technologies, which will boost productivity, keeping inflation away, while unemployment should end 2021 at about 5%."

Year over Year data for December: ? Median sales price increased 14.4 percent to $224,348 ? Average days on market decreased 43.3 percent to 34 ? Current active listings decreased 50.8 percent to 2,396

MIBOR SERVICE AREA (1-5)

BARTHOLOMEW COUNTY (6)

BOONE COUNTY

(7)

BROWN COUNTY

(8)

DECATUR COUNTY

(9)

HAMILTON COUNTY

(10)

HANCOCK COUNTY

(11)

HENDRICKS COUNTY (12)

JACKSON COUNTY

(13)

JENNINGS COUNTY

(14)

JOHNSON COUNTY

(15)

MADISON COUNTY

(16)

MARION COUNTY

(17)

MONTGOMERY COUNTY (18)

MORGAN COUNTY

(19)

PUTNAM COUNTY

(20)

SHELBY COUNTY

(21)

CONDOS

(22)

? 2020 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS? Association

Median Sales Price Closed Sales New Listings Pending Sales Days on Market Price per Square Foot % of Ask Received Active Inventory Absorption Rate

Dec 2020

$222,900 3,333 2,062 2,438 34 $128 98.4% 2,396 0.7

Nov 2020 MOM Dec 2019

$224,348 3,248 2,727 2,940 31 $128 98.5% 2,874 0.9

-0.6% 2.6% -24.4% -17.1% 9.7% 0.0% -0.1% -16.6% -22.2%

$194,900 2,767 1,718 1,899 60 $114 97.1% 4,873 1.8

YOY 2020 2019

14.4% 20.5% 20.0% 28.4% -43.3% 12.3% 1.3% -50.8% -61.1%

$217,500 $190,650

37,849 35,557

40,523 41,805

39,433 36,231

36

44

$124 $112

98.4% 97.6%

YTD

14.1% 6.4% -3.1% 8.8% -18.2% 10.7% 0.8%

December 2020

2,062

Month over Month Change Year over Year Change Year to Date Change

-24.4%

20.0%

-3.1%

6,000 5,000 4,000 3,000 2,000 1,000

0

? 2020 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS? Association

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December 2020

2,438

Month over Month Change Year over Year Change Year to Date Change

-17.1%

28.4%

8.8%

4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000

500 0

December 2020

3,333

Month over Month Change Year over Year Change Year to Date Change

2.6%

20.5%

6.4%

4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000

500 0

? 2020 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS? Association

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December 2020

34

Month over Month Change Year over Year Change Year to Date Change

9.7%

-43.3%

-18.2%

90 80 70 60 50 40 30 20 10 0

December 2020

$222,900

Month over Month Change Year over Year Change Year to Date Change

-0.6%

14.4%

14.1%

$240,000 $220,000 $200,000 $180,000 $160,000 $140,000 $120,000

? 2020 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS? Association

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December 2020

$128

Month over Month Change Year over Year Change Year to Date Change

0.0%

12.3%

10.7%

$140 $130 $120 $110 $100 $90 $80 $70 $60

December 2020

98.4%

Month over Month Change Year over Year Change Year to Date Change

-0.1%

1.3%

0.8%

100% 99% 98% 97% 96% 95%

? 2020 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS? Association

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December 2020

2,396

Month over Month Change Year over Year Change

-16.6%

-50.8%

7,000 6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,000

December 2020

0.7

Month over Month Change Year over Year Change

-22.2%

-61.1%

3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0

? 2020 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS? Association

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Dec 2020 Nov 2020 MOM Dec 2019

Median Sales Price Closed Sales New Listings Pending Sales Days on Market Price per Square Foot % of Ask Received Active Inventory Absorption Rate

$214,900 101 61 67 54 $123

97.7% 72 0.7

$200,450 98 81 102 38 $126

98.8% 71 0.7

7.2% 3.1% -24.7% -34.3% 42.1% -2.4% -1.1% 1.4% 0.0%

$184,950 94 56 53 70 $120

96.9% 138 1.5

YOY

2020

2019

16.2% 7.4% 8.9% 26.4% -22.9% 2.5% 0.8% -47.8% -53.3%

$193,250 1,216 1,292 1,264 39 $126 98.0%

$182,750 1,130 1,269 1,132 47 $117 97.5%

YTD

5.7% 7.6% 1.8% 11.7% -17.0% 7.7% 0.5%

$220,000 $200,000 $180,000 $160,000 $140,000 $120,000

Median Sales Price

Number of Closed Sales

160 140 120 100

80 60 40 20

0 Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec 2017 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020 2020 2020

? 2020 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS? Association

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Dec 2020 Nov 2020 MOM Dec 2019

Median Sales Price Closed Sales New Listings Pending Sales Days on Market Price per Square Foot % of Ask Received Active Inventory Absorption Rate

$365,372 99 51 83 42 $162

97.6% 70 0.7

$332,017 122 78 86 59 $146

98.2% 106 0.9

10.0% -18.9% -34.6% -3.5% -28.8% 11.0% -0.6% -34.0% -22.2%

$332,400 88 60 63 64 $133

97.7% 236 2.7

YOY

9.9% 12.5% -15.0% 31.7% -34.4% 21.8% -0.1% -70.3% -74.1%

2020

$309,900 1,371 1,407 1,413 47 $144 98.0%

2019

$290,000 1,229 1,491 1,244 56 $133 97.8%

YTD

6.9% 11.6% -5.6% 13.6% -16.1% 8.3% 0.2%

$400,000 $350,000 $300,000 $250,000 $200,000 $150,000

Median Sales Price

Number of Closed Sales

180 160 140 120 100

80 60 40 20

0 Dec 2017

Feb 2018

Apr 2018

Jun 2018

Aug 2018

Oct 2018

Dec 2018

Feb 2019

Apr 2019

Jun 2019

Aug 2019

Oct 2019

Dec 2019

Feb 2020

Apr 2020

Jun 2020

Aug 2020

Oct 2020

Dec 2020

? 2020 North Leaf Solutions LLC as Domus Analytics, under license for MIBOR REALTORS? Association

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