The Central Indiana housing market cooled further in October, as home sales and prices fell from their year-ago levels, according to the latest MLS statistics from the Metropolitan Indianapolis Board of Realtors.

Home sales in the nine-county region surrounding Indianapolis totaled 2,429 in October, down 8.4 percent from a year earlier when 2,651 homes were sold.

The average sales price of a home in October dipped to $150,621, a decline of 2.5 percent from $154,489 posted in October of last year.

Although there were 9 percent fewer listings added to the market in October compared to the same month last year, some 18,811 houses remained active on the Multiple Listing Service at month end, up 10.2 percent from the 2005 level. This level of inventory suggests a continuation of the current buyer’s market, but the situation is likely to change if the slowdown in new listings continues to decline as it has for the last three months, MIBOR reported.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription