August 30, 2010

Characteristics of Local Indianapolis Area Homes Sold

Posted to Jeremy Page

Interested in the characteristics of local Indianapolis area Homes Sold?  The latest information has become available from a survey of Home buyers and sellers commissioned by MIBOR. The survey was based on transactions between July 2008 and June 2009.

- New home sales were the lowest they have been in 8 years
-  New home sales comprised 22% of all homes sold
- The typical home sold was 2,000 square feet and built in 1997
- 90% of buyers purchased a detached single-family home
- Median purchase price was $142,000
- When considering what home to purchase, commuting costs were considered very important or somewhat important to 74% of buyers

If you have any questions or would like to see how these statistics compare to the rest of the Nation’s home sales, shoot me an email at

Posted by:  Jeremy Page

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